said by 60529262:Hey, this is what the free market looks like...charge what the customers will pay. They're all still paying. Isn't that what it was all about?
It's not the free market.
The free market assumes that there's no barriers to entry so competition will freely enter and exit the market and that keeps prices fair and service good. Too bad reality and theory don't match.
After all, if Economic idealism and reality actually matched, then we'd of all seen Communism succeed as the greatest economic system ever. Ooops. That didn't work out so well, did it.
Idealism meet reality.