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Verizon To Offer iPhone Users Unlimited Data

Hugh Pickens writes "The WSJ reports that Verizon Wireless, the country's largest wireless carrier, is confident enough in its network that it will offer unlimited data-use plans when it starts selling the iPhone around the end of this month, a person familiar with the matter says. Such plans would provide a key means of distinguishing its service from rival AT&T Inc., which limits how much Internet data its customers may use each month. Verizon has a lot at stake as it starts to carry the iPhone, which it is expected to announce Tuesday at an event in New York City. Verizon, more than any other US carrier, has built its reputation on its network quality, and any stumble in handling iPhone traffic will call into question Verizon's major selling point. On the other hand, if it does handle the iPhone well, then AT&T will have a harder time arguing it didn't mismanage its own network. Anthony J. Melone, Verizon's chief technology officer, says the company has invested heavily in its 3G network to handle surging smartphone traffic, including nine million Android subscribers, up from none a year earlier.'"

50 of 327 comments (clear)

  1. Competition again? by nurb432 · · Score: 3, Insightful

    Perhaps that means they will compete for business and we consumers will win?

    I know, fat chance but we can still wish.. right?

    --
    ---- Booth was a patriot ----
    1. Re:Competition again? by srothroc · · Score: 4, Insightful

      Verizon offering unlimited data is, in fact, one of the effects of competition. In order to compete with AT&T and offer a compelling argument for going with Verizon, they have given you -- the potential customer -- unlimited data. That's a win in my book.

    2. Re:Competition again? by pitchpipe · · Score: 2

      Perhaps that means they will compete for business and we consumers will win?

      Let's see: Lucifer, Beelzebub, and Legion are competing for your business, and you think that you might win? MWAHAHAHAHAHAHAAAAAAAAAA

      --
      Look where all this talking got us, baby.
    3. Re:Competition again? by demonlapin · · Score: 4, Informative

      Verizon offers unlimited data on all smartphones. They do not offer it on tethering packages. This has been confirmed over and over again on the Android sites.

    4. Re:Competition again? by interkin3tic · · Score: 3, Interesting

      Lucifer, Beelzebub, and Legion are competing for your business, and you think that you might win?

      Lucifer and Beelzebub are usually used as two names for the same devil, and Legion is a demon who would probably be said to work for the devil, so that's not a great metaphor for AT&T and Verizon who do theoretically have an interest in bringing down the other guy.

      A better metaphor would be Republicans and Democrats. There are real (though minor) differences, and they do really hate each other, but they'll each screw you over more than each other, and both really drag their heels to actually offer you something better than the other one.

    5. Re:Competition again? by demonlapin · · Score: 3, Informative

      Read your link. That is a MiFi or similar broadband device. The service for smartphones is unlimited.

      This has been hashed out over and over and over again on the Android-specific fora. The plans for smartphones are unlimited. Period.

      BTW, what's your source for that French plan? At Orange, I see a EUR55 plan that offers 20Mbit internet, 120 channels, and unlimited Orange in-network; if you want all numbers in France, it will be EUR110/mo. Nothing like $30/mo.

    6. Re:Competition again? by rgviza · · Score: 3, Interesting

      Read the fine print. Like every other wireless TELCO, "unlimited" does not mean unlimited.

      from : http://www.verizonwireless.com/b2c/footer/acceptableuse.jsp
      Section L
      l. .....This specifically but without limitation includes excessive consumption of network or system resources whether intentional or unintentional. ....

      Then there's this little tidbit:
      We further reserve the right to take measures to protect our network and other users from harm, compromised capacity or degradation in performance. These measures may impact your service, and we reserve the right to deny, modify or terminate service, with or without notice, to anyone we believe is using Data Plans or Features in a manner that adversely impacts our network.
      -

      I GUARANTEE, if you are actually sucking down as much data as you possibly can, Verizon will be in your grill with a cap. They have a cap for FIOS, DSL and every other internet service they provide. Their agreement basically says "We decide if you are using too much data, and we can arbitrarily decide how much is too much on a whim."

      This means there is no actual unlimited plan, just "unlimited", which happens to be whatever Verizon says it is and can change without notice.

      While I will never hit their cap, there are people that watch TV on their phones frequently (cbs.com, etc etc) and you'd better believe Verizon will be on them like stink on shit just as soon as the big surge of new iPhone customers is stuck in a 2 year contract.

      Verizon=AT&T=T-Mobile=Virgin Mobile

      They are ALL the same as far as legal, caps etc goes.

      --
      Don't kid yourself. It's the size of the regexp AND how you use it that counts.
  2. Maybe... by Sarten-X · · Score: 5, Funny

    Maybe it's time for me to actually get a new phone. This bag's pretty heavy.

    --
    You do not have a moral or legal right to do absolutely anything you want.
    1. Re:Maybe... by 0100010001010011 · · Score: 2, Insightful

      iPhone has been "Coming to Verizon" for almost 3 years now. Always according to a "person close to the matter".

      Maybe they'll bundle it with Duke Nukem.

    2. Re:Maybe... by countSudoku() · · Score: 3, Funny

      Not me. I'm waiting for the Commodore 64 Phone! That, or the Sinclair ZX81 Phone. THOSE will be game changers, for sure!

      --
      This is the NSA, we're gonna geet U h@x0r5! Also, what is a h@x0r5?
    3. Re:Maybe... by icebike · · Score: 3, Funny

      iPhone has been "Coming to Verizon" for almost 3 years now.

      You need only wait until this time tomorrow to determine if your comment was omniscience in action or merely another nattering nabob of negativism.

      --
      Sig Battery depleted. Reverting to safe mode.
    4. Re:Maybe... by dgatwood · · Score: 3, Insightful

      I think it's rather like predicting earthquakes. If each week a different person says there's going to be a big one, statistically speaking, eventually one of them will be right. :-)

      --

      Check out my sci-fi/humor trilogy at PatriotsBooks.

    5. Re:Maybe... by ekgringo · · Score: 2

      Who needs the internet when you have cassette tape!

      --Proud former Timex/Sinclair 1000, Timex/Sinclair 2068, and Spectrum+ owner.

  3. Is that Unlimited.. by Goose+In+Orbit · · Score: 2

    ...or "unlimited" (subject to "fair use")?

  4. Yeah, right. by intellitech · · Score: 5, Insightful

    I call bullshit. We should all know the marketing definition of "unlimited" by now.

    --
    vos nescitis quicquam, nec cogitatis quia expedit nobis ut unus moriatur homo pro populo et non tota gens pereat.
    1. Re:Yeah, right. by Overzeetop · · Score: 2

      How many people will actually use an "unlimited" amount of data every month (i.e. - more than the 2GB offered for $5 less on AT&T, for example), if you can't tether?

      And, if you tether without approval and manage to use 2+ GB, how quickly do you think Verizon will point to their TOS and hand you an extra monthly tethering fee?

      --
      Is it just my observation, or are there way too many stupid people in the world?
    2. Re:Yeah, right. by rudy_wayne · · Score: 4, Insightful

      Verizon will offer unlimited data, until they don't want to anymore.

    3. Re:Yeah, right. by electrosoccertux · · Score: 4, Informative

      I call bullshit. We should all know the marketing definition of "unlimited" by now.

      yeah, but it works from the tech perspective. You can cram 30-40x the cellular connections into the same chunk of frequency with CDMA that you can with GSM. I know that data is different than voice but the fact is that CDMA is a significantly more efficient use of spectrum than GSM-- it's one of the reasons you never have dropped calls with Verizon, but do with AT&T: the europeans, in their infinite wisdom, decided with GSM that a cell would be connected to only one tower. With code division multiplexing, other towers can easily listen in and pick up the call if you drop from one tower. GSM can't do that.

    4. Re:Yeah, right. by wiredlogic · · Score: 2

      While GSM is flawed, this argument doesn't apply much anymore. 3G data is transmitted via W-CDMA. The fallback to TDMA only happens when 3G service isn't available. AT&T's problems with the iPhone have largely to do with their incompetence and overselling a network poorly suited for high bandwidth data in urban areas.

      --
      I am becoming gerund, destroyer of verbs.
    5. Re:Yeah, right. by sznupi · · Score: 2

      This confusion again... (resulting mostly, I guess, from how one camp couldn't come with anything better than naming their technology after basic radio method)

      Generally, you're basically trying to say "notably younger technology uses more complex, more efficient on the wireless part (with some costs elsewhere) radio method" - ignoring how "GSM" camp also uses it (in the form of "3G"/UMTS/WCDMA), and actually to cram a lot more into the same chunk of the frequency (HSDPA, HSPA+). And how on Earth did you convince yourself that GSM doesn't do cell handover?... (also between 2G and 3G)

      --
      One that hath name thou can not otter
  5. The real truth by microbee · · Score: 4, Funny

    Verizon is going to announce a new Windows phone tomorrow, the Kin(g) of Kins.

    - by someone close to the matter

  6. Your move AT&T by U8MyData · · Score: 2

    I'm not qualified to have much of an opinion about these things, but I will be watching with the utmost curiosity where AT&T will wind up now that they have lost their exclusivity with the Apple crowd. Any predictions out there? Methinks it looks bad for AT&T...

  7. Re:Not Sure I'm Buying It by Amorymeltzer · · Score: 4, Insightful

    If Verizon can offer an unlimited (or, you know, unlimited until you read the fine print) data plan that's sturdy and reliable and fast, it will be an enormous windfall for them. Verizon is not only huge, but generally accepted as providing better service, especially in the northeast. Verizon wants money and to be bigger than AT&T - offering unlimited data gets more people to switch to or pick up Verizon service with an iPhone. If they aren't priced very competitive with AT&T, they'll minimize that enormous surge, which they don't want. Make less per person, get more people - totally worth it.

    The true winners are, of course, Apple. Either way, millions of people will be buying iPhones for the first and probably not the last time. Toss in the iPad 2 and Lion to round out the corners and 2011 is looking up for Apple. Competition amongst telecoms is better for consumers, but it's better for producers as well.

    --
    I live in constant fear of the Coming of the Red Spiders.
  8. AT&T is unlimited for most users by SuperKendall · · Score: 2

    2GB is actually a huge limit, when you consider that often at home or work phone users are on WiFi anyway. I use my phone all the time and usually hover around the 200 MB limit every month.

    Although Verizon's "unlimited" plan might be a nice marketing feature, will it cost more? And will it really be "unlimited", because you know some guy is going to try and push the limit and it seems likely there's really a limit, just not one they advertise...

    What would be way more interesting would be making tethering free - AT&T charges $20/month for it (though you can turn it on for just a day here and there and pay a pro-rated rate).

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
    1. Re:AT&T is unlimited for most users by MoonBuggy · · Score: 4, Interesting

      A "tethering fee" is, to put it bluntly, a stupid concept - if you've been sold a certain allocation of monthly data transfer, you have every right to use that allocation, by phone or by laptop. If your contract states you can use 2GB (or if it states "unlimited", for that matter), but they only wrote the contract in that way because they hoped that the limitations of a handheld device would prevent you from actually using your full entitlement, then they have nobody to blame but themselves if people do start causing problems by having the gall to use up the data they paid for.

    2. Re:AT&T is unlimited for most users by Jafafa+Hots · · Score: 3, Insightful

      But paying #3.99 for just a few seconds of a song as a ringtone when you can get the whole thing as "music" for 99 cents is a stupid concept too. But guess what... ...a good percentage (perhaps the majority) of our consumer culture is based on selling stupid concepts to stupid people.

      --
      This space available.
  9. Really, really bad timing on your part by SuperKendall · · Score: 5, Insightful

    Every other time it's been clear it's a rumor. This time it's obvious it's no rumor, there are leaks from techs testing and the news is all over the place. It's like saying that there's not going to be an eclipse just because there wasn't one all last year. New data is at hand...

    But the really funny thing about your post is, you make it in the same year Duke Nukem Forever is actually set to release for real...

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
  10. Unlimited ? by Pop69 · · Score: 5, Funny

    You keep using that word. I do not think it means what you think it means.

  11. Re:Not Sure I'm Buying It by icebike · · Score: 3, Insightful

    It's a fun rumor, but I'm not sure I believe it.

    Verizon certainly does not want a bunch of data-sucking iPhones on their network unless they can make money off of them.

    No mention of cost yet, but they have already been carrying the heavy load of Android phones for some time. They use just as much data (if not more) than an iPhone.

    Quote Verizon CEO:

    "Whether they are iPhones or Droids, they are smartphones," Verizon Chief Executive Ivan G. Seidenberg said in a mid-November interview. "Regardless of the mix, we are prepared to carry more data."

    I would wager it will be around 30 bucks, just like AT&T's unlimited plan was before they stopped selling it (although many are grandfathered into the unlimited).

    --
    Sig Battery depleted. Reverting to safe mode.
  12. Re:Not Sure I'm Buying It by Red+Flayer · · Score: 3, Insightful

    I've got an unlimited data plan through Verizon for my Blackberry.

    Yes, it's expensive -- good thing my employer pays for it.

    What I'm skeptical of is not that they'll offer an unlimited data plan, but of what kind of throttling they do.

    I've noticed that I'm SEVERELY throttled when I do a big download.

    Simple web surfing? No problem. Email? Not bad. Last month I downloaded a 17 Mb file and it took 2 hours... in the middle of the night when network usage HAD to be low. Maybe I just had a really bad connection.

    --
    "Trolls they were, but filled with the evil will of their master: a fell race..." -- J.R.R. Tolkien on Olog-hai
  13. The main reason people lose unlimited data (AT& by Mister+Xiado · · Score: 3, Informative

    People frequently drop their iPhone in a mug of beer (HOW?!), or jump in the pool, or some other stupid way of destroying it, then put their SIM card in a basic phone. Then they have a store or customer support remove their unlimited data because oh it's soooo expensive, then expect to get it put back on well after it was announced that the only way to get it back was to never voluntarily remove it. If you already have a smartphone or iPhone unlimited data feature, you are more than welcome to keep it if you upgrade or simply swap phones to another smartphone or iPhone.

    If it was removed because someone at Walmart bungled an upgrade or something similar, it can be restored, just don't wait six months to call in about it.

    Now, maybe Verizon doesn't know, but some of the heavy abusers of cellular data with iPhones use upwards of 40-50 GB per month. You're not going to use that much data browsing the web, but with a jailbroken iPhone, you can get a 7 to 14 megabit connection shared with a whole network of computers for all of $30 per month... and that is spelled out as abuse of the service in the ToS, which is written in very basic English.

    I assume that unlimited data will be revoked again once LTE rolls out, or it will be exclusive to the first iteration of CDMA iPhone.

    FYI, the only data services available for the original iPhone are all unlimited data, with varying amounts of SMS message allotments. Wink wink, nudge nudge, say no more.

  14. Re:In "competition", consumers always lose. by Korin43 · · Score: 4, Insightful

    The ultimate goal of "competition" is to achieve monopoly status, by eliminating competitors. That is what "competition" means.

    Once you eliminate your competitors, you can do whatever you want to the market.

    Why would you want consumers to suffer through competition?

    Assuming we're not talking about assasination, the way to "eliminate competitors" in a free market is to have a better product. If your product is so good that no one else can compete, then who cares? If you start trying to abuse your monopoly position, new competition will come.

    Of course, there's always the modern definition of "competition", which means only compete with a couple other companies, and use your influence in the government to make competition either illegal (cell phone carriers with government issued monopolies, computer hardware companies with patents) or impossible (Walmart and Conagra with subsidies). I don't see how more government control would help that.

  15. Re:Article is worthless by cmburns69 · · Score: 4, Informative

    AT&T does offer an unlimited data plan for the iphone--that's the plan I have.

    AT&T no longer offers the unlimited data plan. Were you to sign up as a new AT&T customer today, you would not be able to choose the unlimited plan.

    --
    Online Starcraft RPG? At
    Dietary fiber is like asynchronous IO-- Non-blocking!
  16. How long until we learn the secret limits? by dpbsmith · · Score: 3, Insightful

    How long do you think it will it be before people who have purchased the "unlimited" plan and taken it seriously will receive notices from Verizon saying that their account has been cancelled or disabled due to "excessive" use? And the representatives explaining that they just mean "no stated limit," and that they never dreamed that people would actually download _that_ much, and it is with the saddest and greatest reluctance they have been unwillingly forced to take measures against a few, a very very few evildoers in order to insure the optimum user experience for the vast majority of good Verizon customers, and anyway they never really said it was unlimited because if you scroll 61% of the way down the 150-page online terms and conditions they reserve the right to curtail the usage by any individual in the interests of the greater good of the Verizon network as a whole?

  17. Re:In "competition", consumers always lose. by angus77 · · Score: 2

    The ultimate goal of "competition" is to achieve monopoly status, by eliminating competitors. That is what "competition" means.

    If you're a jock, that's what it means. In the context of economics, that's not what it means. At least, not what it's supposed to mean.

  18. Re:In "competition", consumers always lose. by Helix_Sky · · Score: 4, Insightful

    Assuming we're not talking about assasination, the way to "eliminate competitors" in a free market is to have a better product.

    • Or undercut your competition by temporarily subsidizing your product with money made from other sources.
    • Or undercut your competition by reducing production costs by dumping your hazardous wastes, neglecting the safety of your workers, or off-shoring to countries that don't enforce standards.
    • Or simply buy up your competition to eliminate competitors.

    I don't see how more government control would help that.

    That is what government regulation is for. It is to ensure that the best product wins under its own merits and that all costs are taken into account.

  19. Re:Not Sure I'm Buying It by SydShamino · · Score: 2

    Sprint's network, at least around here, is pretty good. Certainly better than AT&T's. That's based on coverage for me (on Virgin Mobile) compared to my wife (on an iPhone) next to me.

    I guess I'm one of the people that would like an iPhone but won't give AT&T my money due to their warrantless wiretapping crimes. Alas it doesn't make economic sense for me to get a Verizon phone until my wife is off contract and is willing to switch, since two separate phone plans cost a lot more than a family plan.

    --
    It doesn't hurt to be nice.
  20. Re:In "competition", consumers always lose. by Anonymous Coward · · Score: 2, Insightful

    Except that is what it means economically. You cant expect the leaders of a company to sit their and work towards no ultimate goal. Humans in any endeavor do not like to feel they are running in a hamster wheel and there is no way to win. They will find a way to win and then abuse that position to its fullest because greed is good to them.

    That is why the free market does not work. Or at least does not work in a way that is beneficial to the many and if it does not benefit the people, there is no reason for it to exist in that way.

  21. Re:AT&T claims about calls and internet false! by Anonymous Coward · · Score: 2, Interesting

    The only true statement in your post was about the Epic doing voice and data at the same time, all other statements are false.
    Verizon and Sprint both use CDMA for their 3G networks.
    CDMA != LTE, totally different network architecture.
    Sprint uses WiMax for it's "4G" network, again different from CDMA and LTE.
    Sprint doesn't allow 3G + voice.
    CDMA as currently implemented by Verizon cannot support voice and data at the same time.
    Verizon will supposedly launch an updated CDMA2000 network 1st half 2011 that will support the new spec and allow voice and data.

  22. Re:Not Sure I'm Buying It by icebike · · Score: 4, Insightful

    I'm betting they will be adding a small amount of crapware, but part of the reason they didn't get the iPhone 3 years ago was because Jobs wouldn't let them cripple it or control it.

    Jobs hasn't gotten any more accommodating over the years so I'm guessing VZW is taking the phone pretty much as dictated.

    That doesn't mean it will be as fast or as friendly as the GSM models, because CDMA does calls OR data, and unless you are on wifi concurrently, you will have to wait till your call is done to check your facebook status or send that email.

    Nor do I expect a lot of iphone users to immediately jump ship. Oh, they talk big in their hatred of AT&T, but when it comes to paying off that existing AT&T phone while starting a contract with VZW for the new phone the economics of the situation will quell their bravado.

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    Sig Battery depleted. Reverting to safe mode.
  23. The best do not always win by sjbe · · Score: 2

    the way to "eliminate competitors" in a free market is to have a better product.

    That's only one of many ways to beat competitors and not necessarily the most effective one. It's not hard to come up with examples of inferior products that ended up dominating the market. In fact if you look at many disruptive technologies they are often inferior in many ways to the technologies they replace. Price, availability, service, control of a scarce resource such as a raw material or distribution channel, artificial monopolies in the form of patents, better sales people, better personal networks, trade barriers, market entry costs, economies of scale, marketing, and image are just a few of the tools that come into play. The notion of the better mousetrap always winning is pure, unadulterated fiction.

    If your product is so good that no one else can compete, then who cares?

    That's a nice fantasy but vanishingly uncommon in real life.

    If you start trying to abuse your monopoly position, new competition will come.

    Not necessarily. You might get slapped down by the government but it's quite possible to establish a monopoly that cannot be dislodged by conventional market forces. DeBeers at one time owned the vast majority of the diamond mines in the world as well as had control of the primary distribution channel. They had a de-facto monopoly on diamond supply which could not be dislodged because there was little product available from anyone else. It would be hard to argue that they didn't abuse their position but the only thing that could really dislodge them was the discovery of new sources of diamonds.

  24. Ideals are hard to achieve by sjbe · · Score: 3, Interesting

    That is what government regulation is for. It is to ensure that the best product wins under its own merits and that all costs are taken into account.

    Government regulations do not have that effect. Not even close. Quite the opposite, really.

    They do when they are designed well. Granted it doesn't happen enough, partly because well designed regulations are actually really hard to pull off, but that doesn't mean it doesn't happen. It's not hard to find government regulations that do indeed increase competition and make commerce more competitive and consumer friendly. Unfortunately it's just as easy to find regulations that do exactly the opposite.

  25. Good to be second place sometimes by JasoninKS · · Score: 2

    Looking at this from Verizon's POV, sometimes it's OK to come in second place. Think about it...AT&T comes out with the iPhone first. From what we can tell, their network wasn't fully ready and AT&T paid for it hard. Lots of bad publicity from people getting poor connections and data limits. Meanwhile, Verizon's had plenty of time to beef up their network. Realistically, Apple couldn't stay tied to AT&T forever. Bad for business. Eventually the (somewhat) limited market saturates and you sell very few "new" iPhones. Verizon runs #2 in the market. Makes for the most likely expansion place for Apple. Verizon sits back waiting for the opportunity and keeps tweaking its' network. Apple comes a-knockin' and Verizon can point a say "Look at our network. We're ready for you and your customers!" My money is on Verizon having a pretty smooth roll-out. Not to say there won't be glitches, but I bet they come out smelling better than AT&T did at roll-out.

  26. Re:In "competition", consumers always lose. by Teckla · · Score: 2

    If you start trying to abuse your monopoly position, new competition will come.

    Sure, new competition will come...if the barrier to entry is not too high.

    Also, the company with the monopoly product may simply lower prices -- temporarily -- to kill the new would-be competitor. Once the competitor is dead, prices can safely be raised again.

    A lot of people and companies will be smart enough to have figured this out, and won't bother trying to compete against monopoly products, because it's too risky.

    The best solution to a monopoly is to not allow the monopoly to happen in the first place. If it does, either break up the company, or use regulation to fix the situation, or both. Those are the only truly pragmatic and effective solutions.

    Not that I expect the "free markets solve everything" types to ever believe that...(not that I'm accusing you of being one of those types).

  27. Government regulation results in better products by mozumder · · Score: 4, Funny

    That is what government regulation is for. It is to ensure that the best product wins under its own merits and that all costs are taken into account.

    Government regulations do not have that effect. Not even close. Quite the opposite, really.

    Copyrights and patents are fine examples of government regulation that encourages innovation.

  28. You were wrong about many things by mozumder · · Score: 2

    such as "If you start to abuse your monopoly position, new competition will come".

    No.

    Monopoly positions do not remove themselves through new competition.

    They achieved their monopoly position through competition already, so any new competitor will be eliminated as well.

    You have a far too simplistic view of economics. Very much a childish idealism, very dreamy, very sweet, very innocent.

    I am entertained by it, which is why I am trolling you.

  29. Re:In "competition", consumers always lose. by jcr · · Score: 2, Interesting

    my guess is that the monopoly was given in order to secure investment in order to build out the infrastructure.

    My guess is that the monopoly privilege was bought and paid for by the investors in AT&T, and the congress couldn't care less as long as they got their bribe money.

    -jcr

    --
    The only title of honor that a tyrant can grant is "Enemy of the State."
  30. Re:In "competition", consumers always lose. by Helix_Sky · · Score: 2

    Well of course the government is enabling the financial sector, but they kind of have to now. The problem was not breaking up the "Too big to fail" before they failed. If you are on a sinking ship with nowhere else to go, you'll give anything to keep it afloat even if it is junk.

    Btw, you just can't blame the government. It's the citizens too. Remember all the outrage over bailing out the bank. You'd think that they'd want to at least break them up now, or get tighter controls since we foot the bill for the banks screwups.

    But NO!!!! Now all you here from that crowd is "We don't want government telling business what to do". If I didn't know better, I'd say it was just all manufactured outrage to get pro-business Republicans elected. But hey, I'm just not that cynical. Oh wait.. I'm:)

  31. Re:In "competition", consumers always lose. by maxwell+demon · · Score: 2

    That is what government regulation is for. It is to ensure that the best product wins under its own merits and that all costs are taken into account.

    Government regulations do not have that effect. Not even close. Quite the opposite, really.

    Well, what it is for and what it actually achieves are two different concepts.

    For example, copyright is for protecting the creators. What is achieves is mostly the protection of the media companies.

    The stock exchange is for allowing investors to participate in company profit through dividends. What it achieves is investors winning (or losing) mostly through speculation.

    --
    The Tao of math: The numbers you can count are not the real numbers.
  32. Re:In "competition", consumers always lose. by pthisis · · Score: 3, Informative

    Most of the anti-walmart stuff you read is FUD, targated at them because they're the biggest retailer. And despite what everyone says, they got that way by having honest business practices

    Forget random FUD for and against them and just look at what the courts have said. They've paid out hundreds of millions of dollars in class-action suits after it was found that the forced employees to work off the clock (see, for instance, http://www.usatoday.com/money/companies/management/2005-11-02-walmart-employees_x.htm "Wal-Mart, which earned $10 billion last year, agreed to pay $50 million in 2000 to settle a class-action lawsuit alleging that 69,000 former and current Wal-Mart employees in Colorado had been forced to work off the clock").

    They've paid out millions of dollars in dozen of lawsuits over unfair practices with respect to hiring of disabled employees; they've been raided at least 3 different times for having scores of illegal immigrants working in their stores, and not just on an ad-hoc basis--the 2003 raid was of stores in over 20 different states with hundreds of workers involved (see http://money.cnn.com/2003/10/23/news/companies/walmart_worker_arrests/ which notes that "federal law enforcement officials said information from an undercover investigation revealed that some Wal-Mart executives and some store managers knew of the immigration violations.").

    They're currently facing the biggest gender discrimination suit in US history--see http://money.cnn.com/2010/12/06/news/companies/Wal-mart-lawsuit-to-Supreme-Court/index.htm

    So, yeah, "honest business practices".

    --
    rage, rage against the dying of the light