Sally Forth (1/21/11)

Monopolies are bad because they encourage price gouging, right? Well, let’s consider some real-life examples. The gas I use to heat my home comes from a single, monopolistic entity. Surprise, surprise, my gas bill is exceedingly reasonable. The gasoline I use to fuel my car is sold at any one of a dozen service stations. All of them charge a hefty amount. I have one option for electricity and it’s cheap. I have five options for cable and they’re expensive. Water? I’m stuck with a single provider, but only pay a pittance. Mobile phone service? I have all the pricey options in the world. I’m not saying options are a bad thing, but they sure aren’t cheap.


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