Slashdot Mirror
FCC Inquires About Controversial Verizon Fees
olsmeister writes "As previously noted here on Slashdot, Verizon Wireless has been increasing their early termination fees and actively charging non-data customers who accidentally press the wrong button and go online. The FCC has now sent them a letter asking why. The PDF of the letter can be viewed online. Maybe someone at the FCC does read Slashdot."
Maybe someone at the FCC does read Slashdot
Or they read New York Times, which Slashdot quoted in the said article.
American companies don't make money, they steal money. They lie and use "tricks and traps" to pick people's pockets. This crap with Verizon is typical. In California, AT&T submitted a terms of use agreement that was 1500 pages. I'm sure that it contained provisions that would have allowed them to take your house or savings. Even the almost useless state utilities commission rejected it, because the law states that these agreements must be understandable.
What kind of capitalism is this, exactly? The basic theory of capitalism says that buyers and sellers make informed decisions based on open information. How does changing the contract unilaterally fit in? First they write terms of service that allow them to change the rules without negotiation, then they double the cost of canceling. I know what the dumb ass libertarians and republicans will say: 'if you don't like it, you can quit before the change takes place.' This is bullshit because the cost of getting a new high end phone and new carrier is greater then the cost of keeping the service. How many people really change service before the term is up under any conditions?
And this thing with getting charged for a couple of bucks for hitting a button when you did not sign up for the service? That is flat out and out theft. It has nothing to do with actual capitalism. What good or service do you get for pushing the wrong button on a cell phone?
And what about the banks sorting ATM charges so users are charged the maximum overdraft fees? They sort the charges from biggest to smallest so you hit the overdraft at the beginning of the sequence and every charge after you go over the limit has an overdraft fee. Even if it is in the fine print somewhere it is stealing from consumers. Keep in mind that ATM overdraft fees were $38 Billion for the last year of published data. Not exactly chump change.
I am pro-capitalism, but there is no way the system in the US is actual capitalism. It's all about big corporate interests buying the government and then looting the economy. That's why the US is in a long term economic decline. Corporate america has adopted a model based on orgaized crime, not capitalism.