Linda Morales said:Are you trying to bait me?
How can a country ruled by monopolies and cronyism even call itself capitalist?
Where else on earth would you find a telecom giant like AT&T holding a monopoly when it’s explicitly against the law? Is that your idea of capitalism?
Thanks for the insight that the USA wasn't a capitalist nation until the 1970s...
Erosion of Natural monopoly
For many years, AT&T had been permitted to retain its monopoly status under the assumption that it was a natural monopoly. The first erosion to this monopoly occurred in 1956 where the Hush-a-Phone v. FCC ruling allowed a third-party device to be attached to rented telephones owned by AT&T. This was followed by the 1968 Carterphone decision that allowed third-party equipment to be connected to the AT&T telephone network. http://en.wikipedia.org/wiki/AT%26T#National_monopoly
In the States, the concept of a state-run telecom monopoly is practically a myth... 🙂
As for AT&T, what exactly makes them a monopoly? Be specific. Here are the regulations, so go ahead and point out where they violate them: AT&T owns the wired infrastructure, but they don't have a monopoly—because nobody is stopping anyone from building their own. New developments will eventually get alternative networks. They have a de facto monopoly on the lines simply because those wires were laid down decades ago. That’s how it worked everywhere else, too.
When it comes to providers, there are plenty of them now—mobile, internet, landline. It's almost a chore to list them all. Even the mobile duopoly has been broken up. T-Mobile certainly isn't playing those old "two big players making deals" games anymore.
Regarding cronyism—what are you actually referring to? If you mean state-owned enterprises, sure, they exist, but most companies in the country are no longer state-run. Private companies far outnumber them, and they operate under an entirely different set of rules.