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Larry Jaques Larry Jaques is offline
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Default $4 dollar gas and its effects on metalworking

On Mon, 14 Apr 2008 00:30:17 -0400, with neither quill nor qualm,
Spehro Pefhany quickly quoth:

On Sun, 13 Apr 2008 19:33:09 -0700, the renowned Larry Jaques
wrote:


How is that working out for y'all?

All the private sector competition is resulting in higher prices, more
user fees, and taxes only increasing slowly ('till they have spent all
the proceeds from selling off publically owned assets, of course)


Since when does competition increase prices?!?


When a sort of monopoly (a bridge, an expressway, a concession at an
airport, space in the RF spectrum) is sold to the highest bidder...
IOW when the competition is in gaining control over the captive
customers rather than serving the customers.


Sorta like those uckerfays in oil futures, eh? sigh

I wouldn't call it competition, though. It's more like price gouging.

--
It is better to wear out than to rust out.
-- Bishop Richard Cumberland