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> Companies don't have to be told to improve, either, not when their competitors are improving and eating market space. At least, that's how it works in theory.
by acchow 11y ago
> Companies don't have to be told to improve, either, not when their competitors are improving and eating market space. At least, that's how it works in theory. A lot of industries have turned into demilitarized zones, both sides opposed but neither making a move. Telecom is the best example of how bad this gets.
And yet even telecoms have invested huge swaths of capital to get us to 3G then LTE.
- bpchaps 11y agoYeah, okay. Until you hear stories like this..... https://www.techdirt.com/articles/20131012/02124724852/decades-failed-promises-verizon-it-promises-fiber-to-get-tax-breaks-then-never-delivers.shtml https://www.techdirt.com/articles/20131012/02124724852/decad...
- deleted 11y ago[deleted]
- dawnbreez 11y agoThe problem is that they basically habe a nonaggression pact. You'll find either AT&T or T-Mobile in any given area; not both. This means that, if you don't like their prices or their service...well, what are you gonna do? Build your own telco? This lack of competition leads to a sort of mini-monopoly, meaning that they basically have no reason to not jack up prices. That is, until Google comes along and kicks them out, as another comment points out.