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Cell Phone Service More Expensive Under Trump

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David Leonhardt - NYT

 

Many Americans pay close to $100 a month for smartphone service. And this pricetag isn’t some natural reflection of the service’s value. In many other countries, smartphone plans cost much less.

The economists Luigi Zingales of the University of Chicago and Mara Faccio of Purdue estimate that Americans pay $50 billion per year more than they would if they instead were paying European prices — for the same quality service. That translates into about an additional $30 per month for every American household.

Zingales discusses this research in a Times op-ed and argues — correctly, I believe — that it highlights the problem with antitrust policy in the United States. We have allowed companies to grow too large, to the point that many of them have outsize power. They can raise prices, as they are doing in the cellphone market, as well as hold down wages and unduly influence government policy.

Europe has taken antitrust more seriously and fought back against corporate gigantism. The recent fine against Google, for its behavior in the smartphone market, is just one example.

“The United States invented antitrust and for decades has been the pioneer in its enforcement. Not anymore,” Zingales writes. “A recent paper shows that in the last two decades, enforcement in the United States has been much less strict than in Europe.”

There’s nothing inevitable about corporate consolidation. The United States used to push back against it effectively — and could do so again.

 

 But Trump Refuses

 

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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