Cable is a monopoly
Poster: Aron Schatz
Posted on March 17, 2003 at 9:39:50 PM
Anyone else think that cable lines should be open like phone lines? I look and see Comcast as the only cable provider here, but there are many people that offer local and long distance calling...
We are getting ripped off here as consumers without choices.
Quote
As it keeps both wholesale and retail prices for Internet service high, Comcast says its pretax operating profit margins are nearly 50 percent. That margin does not include any accounting for the $10 billion it will ultimately cost Comcast and AT&T to update their systems. But the main purpose of that renovation--which involved running high-capacity fiber optic cables into each neighborhood--was to offer hundreds of television channels and interactive services like pay-per-view movies. Internet service uses less than 1 percent of the capacity of these systems.
We are getting ripped off here as consumers without choices.