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I like certain actions of my country's government (Singapore) in promoting competition: - forcing cable/telco companies to share the cost of broadcast rights t
by creamyhorror 15y ago
I like certain actions of my country's government (Singapore) in promoting competition:
- forcing cable/telco companies to share the cost of broadcast rights to a major soccer tournament, despite the tournament corporation's remonstrations (previously the companies bidded for the exclusive rights against each other and passed the costs to consumers)
- requiring telcos to provide number porting services so people can switch telcos without losing their numbers, thereby freeing them from lock-in
These two actions cut the profits of the cable-telcos here but benefited consumers significantly. We would have been paying out the nose for soccer broadcasts otherwise, and been stuck with our old mobile providers even when competitors were offering better prices.
In a marketplace as huge as the smartphone+app+media ecosystem, I'm quite sure governments should be stepping in with regulatory tweaks to make sure users can use multiple services on each platform - even buy from competitors.
Antitrust law shouldn't just be against monopolies - it should be actively pro-competition.