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Technology Stocks : AT&T -- Ignore unavailable to you. Want to Upgrade?

To: George the Greek who wrote (1618)	8/11/1998 10:56:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 4298

Congress started out in composing the act with the noble goal of stimulating competition after having had years of observation of what happens when government protected monopolies like the old "Ma Bell" are busted up. The problem is that not one member of Congress understands what it is to be competitive. They all have been raised in a milieu of free markets/fair markets which is the quasi-socialistic line that is taught at the universities. As long as there is the belief that free markets need fine tuning adjustments to make them free, you'll have fixes and compromises that end up completely nullifying the constructive intent of removing barriers to competitive markets. The free market is default, so after government spends decades trying to legislate "fairness" and it self-destructs, then the free market is reborn. It's all based on the people's judgement of your unworthiness to become rich. It is called the "war on wealth" and almost everyone approves that it must be waged as long as you don't take away their money. The hypocrisy of this transcends human understanding and the result of the other side of the one-eyed jack is squandering people's lives on a principle that is built on specious idealism. "It's what you should be doing for the good of humanity, but don't you touch my money. I'll use it to have you killed", is the hidden truth. When this attitude becomes rife like it did in the Soviet Union, generations of people are destroyed for the intellectually concocted ideal. Eventually it all falls apart and everything returns to the way it was. The philosophy behind the idealism becomes non-operational and you can't find any intellectual in the universities still expounding it. They didn't have to live it. They were protected by their invention. The Telcom Act is just the latest edition of this kind of "protection" oriented philosophy. Congress created 3000 clauses to the Act to protect us from the greed and evil of the capitalist pigs. There is this nation wide straight jacket that has everyone immobilized. It has gotten to the point that ATT has to challenge it because ATT's survival is now being called in question. The act precludes them and the RBOC's from competing, but allows others to access their markets. Congress doesn't call this "unfair competition". This is nothing short of hegemony and it won't stand. It won't stand because forces far more powerful than those of Congress are being threatened. Those forces can pull the plug on the Congress and let them assign the military to rig telegraph wire so they can issue indictments. Won't happen. Long before that occurs the Supreme Court will admit that 2 + 2 = 4, not 5 on Tuesday, not 3 on Thursday, and the public will cheer the Congress for their bravery to bust up the monopolizers. After all, no good deed goes unpunished.