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Friday, December 20, 2019

Comcast STEEPLY increasing rates nationwide -- thanks Ajit Pande!

       The lie of losing net neutrality - that that will serve to protect capitalism by allowing companies to profit from selling bandwidth, thus reducing prices for service - is unravelling. Since it was a lie to get votes, of course this is the case. Prices will go up, not down. Any reports (I have seen several) that prices are decreasing due to the repeal of NN are not correct, as can be seen by inspecting the actual numbers and service(s) provided. Here's an article on the latest price increase from Comcast -- you may expect all cable and internet providers to follow suit in 2020. 

     This article is citing the increasing costs are due to consumers fleeing the service. If you recall economics, a decrease in demand decreases price. Like other articles we read in the news nowadays, you cannot trust the reasons or explanations given for anything, intuitive though they may seem. Understand the details of the market and the forces driving it and you will see the reports are incorrect - meant to make such price gouging seem palatable and understandable. The real force is the stranglehold these large corporations were given by the grace and protection of net neutrality's repeal.

     Of course in a true capitalist-style market, the consumer could simply switch to another provider. Not so with cable, internet and telephony (communications) providers though. Choices are limited, companies change prices in lockstep (illegal though that is), and companies are restricted by area, limiting choice and ability to switch.

Just say: bye, bye money!