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> "They can charge $10 billion per byte. You don't have to pay of course." This would be true if there was competition in the marketplace, or if the internet i
by potatolicious 15y ago
> "They can charge $10 billion per byte. You don't have to pay of course."
This would be true if there was competition in the marketplace, or if the internet is a substitutable good.
If Evian decided to raise the price of their bottled water to $50 a bottle, I don't have to play - there are many other brands out there. Not only that, even if all the bottled water manufacturers out there decided to price fix, I can substitute bottled water for tap water, or melted snow from my front yard, etc etc.
The internet doesn't work like that - there is no easy substitute for internet access, and in modern life is downright a necessity. Exclusivity agreements with both municipal and federal governments (exclusive operating zones/bandwidth allocation) means they own a monopoly over the market.
When you have a service that is a life necessity (or damn near it) and a monopoly, bad things happen.
- hammock 15y agoWhere do you live? Chances are if it's in the US, I could name at least six alternatives to your current ISP for you- just as you could name six other bottled water brands.