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What are you suggesting? If it's that there's some market-wide conspiracy to provide worse service for the sake of long-term profits, there's zero evidence to b
by nickysielicki 9y ago
What are you suggesting? If it's that there's some market-wide conspiracy to provide worse service for the sake of long-term profits, there's zero evidence to back that. Cell phone plans have gotten significantly better in the past decades, and most people are able to pay less and get a better level of service. Things have gotten better and cheaper, because there is competition, and there is always going to be market pressure that pushes them to provide better service at lower costs than their competitors. Or are you suggesting that you think there is going to be a new development of a price-fixing conspiracy among telecoms in the next few years?
Alternatively, are you suggesting (on a website that is ostensibly about venture capitalism) that the entire foundation of economics and markets is shakey?
I hate when these anti-market socialist/communist type comments pop up. Everyone hates their ISP/cellular provider and mindlessly upvotes nonsense like this. There's zero truth to what you're saying!
- topmonk 9y agoI had a thought that the left tries to divvy up what value already exists, and the right tries to create an environment where new value can be created. In order for the left to justify their agenda, they try to make it seem that it's pointless to try to create new value because of things like cartels, monopolies, etc. They then present the conclusion that the only way for a person to improve their financial position is to take from others.
- daveburstein 9y agoAuthor here. There's no conspiracy, just an incredible amount of 5G hype. Note that the source of the comment is the CEO of the largest manufacturer, and I have similar from CTOs of Deutsche Telekom and Telefonica.