this post was submitted on 20 Dec 2023
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Mate. Trusting a company not to shaft you when you have no alternatives is never a good idea. It is actually really bad.
Companies do not act towards the benefit of the customer. It is always towards a better bottom line, and those decisions many times do not have your best interest at heart. If you have no choices, the companies have no incentive to make your experience any better. (see Internet Explorer). Competition is always a good thing. It forces companies to be better. The key word there is forces because they will not do it on their own.
It's unfortunately not happy days and rainbows in "competition land" either though. It usually just leads to a race to the bottom in the pursuit of infinite profit growth, forcing them to lower quality in a never ending downwards spiral, leaving the customer with shit on all sides.
Not true. It can also end in a cartel.
At least those are illegal (although perhaps not enforced well enough)