This week at the annual Telecosm conference at Lake Tahoe, Steve Forbes argued that many regulations, which mainly expand the power of government officials, are like a cancer that eats away at the benefits of capitalism. He’s right, and that’s exactly why the Telecom Act of 1996 needs to be revised. Competition among capitalists results in innovative ideas and better ways to serve customers.
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Capitalism Can Cure Telecommunications
Posted by: Sonia Arrison October 22, 2004 05:00 AMThis week at the annual Telecosm conference at Lake Tahoe, Steve Forbes argued that many regulations, which mainly expand the power of government officials, are like a cancer that eats away at the benefits of capitalism. He’s right, and that’s exactly why the Telecom Act of 1996 needs to be revised. Competition among capitalists results in innovative ideas and better ways to serve customers.