this post was submitted on 17 Oct 2024
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And, yet, in that time, consumers paid more for telecommunication services and basically the main innovations they got were touchtone phones replacing rotary ones and higher bills. Bell Labs being a success story doesn’t mean Ma Bell shouldn’t have been broken up.
If consumers are paying extra to a monopoly anyway, just fund university labs and non-university research agencies (which we do). We have dozens of equivalents to Bell Labs. There’s no reason to rely on monopolists for innovation.