lack of competition isn't very American You'd think that in a capitalistic system, more competition would be favored. I think American style capitalism is more similar to communistic practices, at least as far as broadband services go: everyone gets crappy access, so they all get treated the same, just like communism, but the prices are VERY capitalistic. And going out of your way to trap citizens to prevent them from finding alternatives, in effect putting a wall up, is so East Berlin it isn't funny.
And capitalism is supposed good for the society according to the mantra they keep spewing out, yet clearly that's not the case for broadband service.
What's a good term to describe that?
The term you're looking for is "Crony Capitalism", and it is reviled by true capitalists. See Ayn Rand's "Atlas Shrugged" for some good examples.
It's also similar to what many Chinese companies are, where it's owned by a government bureaucrat/insider/military unit.
We are increasingly seeing this in DC, with both Democrats and Republicans. We have seen it for decades in Chicago.
reply to Probitas
you are so right we had that same issue with cellphone contracts until people wise up and the gov step in to allow cell numbers transfer without paying penalties and such. thats why we have tons of cell phone companies.
KrKHeavy Artillery For The Little GuyPremium
reply to Probitas
It's because we don't have a real capitalist system. We have a system of Corporatism, where profits and existing Corporate interests triumph citizen's rights, or consumers, and margins are protected in the name of "national security."
"Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini