<Businesses don't want free competition, they want subsidies, preferences, and protected monopolies. It's always been that way, in America and anywhere else:>
True enough John, and the same happens here. A shame though [especially for Globalstar shareholders] that when they have a monopoly, they think, foolishly, that they can maximize their money by simply charging heaps. There is always the option of not using the service, which a billion people will soon have chosen with Globalstar.
Even a monopoly can often make more money by cutting the price, not raising it. People will still only pay what a service is worth to them, even if it is the only option available.
Of course most people have an avaricious cargo-cult mentality and it isn't just businesses that prefer to cannibalize others rather than enjoy voluntary, appreciative, mutually beneficial, trade relationships. Unions, governments and others don't have a culture of service and pleasure in their customer's satisfaction.
Some do.
Maurice
PS: Thanks Jack, for the suggestion of high office, but I'm happy as I am. All the suggestions are here, for free. If people don't want to listen or try an idea out, then they won't. That's just how people are, and if one is a 7 minute investor, one just has to sell the shares and that is what a LOT of people have done. Hence the price drop. No use getting upset because management likes the Kremlin 5 Year Marketing Plan with centrally-planned pricing and the Service Providers are asleep at the wheel. |
