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View Full Version : Profit is becoming evil. Maybe even illegal.



OwlMBA
12-31-2008, 12:41 AM
Every day I read a new story of a company being scrutinized for making money. Whether it is an oil company, a bank, Microsoft, or now the cell phone companies, everyday is filled with news stories and proud Politicians painting companies as evil and anti-competitive for turning a profit.

Now, its the cell phone companies. Apparently the Liberals in Congress have learned that it is very inexpensive for cell phone companies to transmit text messages, and the service is very profitable for them (Oh, the humanity!). So now they are calling for an investigation to check for "anticompetitive behavior".

I think we should start getting used to any profitable business being scrutinized as anti-competitive and/or illegal. Microsoft was called a monopoly - absurd by any definition. Then the oil companies were anti-competitive, and now its the cell phone companies.

Demonizing profit goes hand-in-hand with demonizing highly paid executives, and both walk us down the path to Socialism and Nationalization. Companies arent allowed to turn a profit, and executives arent allowed to get rich. Is this America?


In the past few years, people seem to have forgone the conventional phone conversation in favor of punching in short text messages on tiny keypads, all while mobile phone carriers have cashed in lucratively.

In 2008, 2.5 trillion messages were sent from cell phones worldwide, up 32 percent from the year before, according to the Gartner Group and reported by The New York Times.

But what also went up in the last three years was the price doubling from 10 to 20 cents per message while the industry consolidated from six major carriers to four.

Sensing a potential rip-off, Sen. Herb Kohl, D-Wis., chairman of the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights, began to take a closer look at the doubling of prices American carriers were charging customers.

Kohl soon discovered that text messages are essentially very small files, costing carriers close to nothing to transmit.

"Text messaging files are very small," the Democratic senator said, "as the size of text messages are generally limited to 160 characters per message, and therefore cost carriers very little to transmit.
http://www.foxnews.com/story/0,2933,473924,00.html

Constitutionally Speaking
12-31-2008, 01:04 AM
4-5 years ago they were demonizing the auto industry for ITS obscene profits. Guess they SHOULD have made MORE profit to carry them through these tough times - eh???

Celtic Rose
12-31-2008, 01:20 AM
How many times have we heard ads about free cell phones, cell phone trade ins, buy one get one phones. Cell phone companies are making a good amount of money, while the customer feels that they have gotten a great deal. There are plenty of unlimited texting packages out there for anybody who feels that they are being overcharged for text messages.

I'm sure that there are many valid complaints about cell phone companies, but charging a clearly stated price for a service is not one of them :cool:

Moon
12-31-2008, 09:26 AM
There must always be a dragon in need of slaying for politicians to feel useful.

Goldwater
12-31-2008, 11:16 AM
There must always be a dragon in need of slaying for politicians to feel useful.

Even when there are too many dragons to begin with.

PoliCon
12-31-2008, 11:55 AM
There must always be a dragon in need of slaying for politicians to feel useful.Tell them to look in the F*CKING MIRROR!!

lacarnut
12-31-2008, 01:14 PM
These dunces in DC are going to be shocked when Corporations and individuals beginning filing their Federal Tax Returns. Revenues will be down and refunds will be way up. Even an evil oil company like Exxon profits will be down. Many of the mind boggling idiots in DC do not have a clue of what drives expanded economic growth and prosperity. Punishing success is not the answer.

wiegenlied
01-02-2009, 08:55 AM
I got Ida Tarbell's book from a good friend of mine as my Christmas present. I already read one from Ron Chernow so I just flipped through the pages.

I ended up selling it for $5 bucks.

biccat
01-02-2009, 06:32 PM
I was kind of thinking about this last night, how long is it going to be until the lefties in this country start complaining about companies making a profit on food? They already whine about hospitals making money off of sick people and want government to take it over, so how long will it be until we start discussing socialization of grocery stores?

SaintLouieWoman
01-02-2009, 11:24 PM
I was kind of thinking about this last night, how long is it going to be until the lefties in this country start complaining about companies making a profit on food? They already whine about hospitals making money off of sick people and want government to take it over, so how long will it be until we start discussing socialization of grocery stores?

Pretty soon we'll be waiting in line for bread and milk. Those evil farmers will be making too much, so the government will take over. :rolleyes:

wilbur
01-03-2009, 02:01 PM
Sorry folks... the cellcoms are not companies worth praising. They are whores... every single one of them.

You might say they have a right to charge exorbitant fees for SMS messaging...

But then you realize many of them have worked very very hard to artificially restrict the technologies and software that can be used on their networks in order to force people to use their unnecessary 'value added services' like SMS and MMS. Theyve done everything they can to fight the internet on phones tooth and nail... This is a major reason why the cellphone technology in the US lags so far behind the rest of the world. Both SMS and MMS were hold overs from a time when phones couldnt email... the tech should have died long ago, along with the fees. There's nothing close to a free market in the cellcom business... which is why the fees are so ridiculous. Its a sick market that survives at our expense.

wilbur
01-03-2009, 02:55 PM
I think we should start getting used to any profitable business being scrutinized as anti-competitive and/or illegal. Microsoft was called a monopoly - absurd by any definition. Then the oil companies were anti-competitive, and now its the cell phone companies.


And yes, Microsoft was and still is a monopoly power, although it's not at its peak any more... and as far as regulation smackdowns go, they got continual slaps on the wrist because of their lobby power in government. Not exactly the stuff wonderful capitalist societies are supposed to be made of.

PoliCon
01-03-2009, 02:59 PM
hey wilber - can you say something good about business? ANY business?

wilbur
01-03-2009, 03:10 PM
hey wilber - can you say something good about business? ANY business?

Absolutely... silicon valley and the startup culture is a perfect example of American pioneer-ism.

But I dont simply praise any and all businesses as holy demigod of goodness as many conservatives and especially libertarians (alas, their biggest fault) seem to do... even while the business is happily f******g them in the a**, all the while they are smiling about it and singing their praise just so happy its not the government thats ram-rodding them.

I especially don''t praise business such as Microsoft and the cellcoms who have so abused lobbyism and our system of government...

PoliCon
01-03-2009, 06:01 PM
Absolutely... silicon valley and the startup culture is a perfect example of American pioneer-ism.

But I dont simply praise any and all businesses as holy demigod of goodness as many conservatives and especially libertarians (alas, their biggest fault) seem to do... even while the business is happily f******g them in the a**, all the while they are smiling about it and singing their praise just so happy its not the government thats ram-rodding them.

I especially don''t praise business such as Microsoft and the cellcoms who have so abused lobbyism and our system of government...So you're a fan of the Dot-com bubble?

Goldwater
01-03-2009, 11:17 PM
I especially don''t praise business such as Microsoft and the cellcoms who have so abused lobbyism and our system of government...

I'd say thats more down the nature of todays government, these companies even at their peaks didn't have lobbyists until it was clear that Washington was going to do them favors.

marinejcksn
01-04-2009, 10:56 AM
First of all:

WHO THE F*** PAYS FOR EACH TEXT MESSAGE INDIVIDUALLY?

Seriously....almost every cell carrier in the US offers an unlimited text plan for no more then $9.99 per month. Many regional carriers (like Mobi PCS in Hawaii, for example) give out unlimited texting in their monthly plan anyway.

So the Political morons are once again going to "save you from yourself" (just like they do with the Unconstitutional smoking bans, seatbelt laws, making prostitution illegal and the laughable "war on drugs") and declare a new "War on Texts"? What's next? Where does this bullshit end, people? :rolleyes::rolleyes::rolleyes::rolleyes:

PoliCon
01-04-2009, 11:25 AM
First of all:

WHO THE F*** PAYS FOR EACH TEXT MESSAGE INDIVIDUALLY?

Seriously....almost every cell carrier in the US offers an unlimited text plan for no more then $9.99 per month. Many regional carriers (like Mobi PCS in Hawaii, for example) give out unlimited texting in their monthly plan anyway.

So the Political morons are once again going to "save you from yourself" (just like they do with the Unconstitutional smoking bans, seatbelt laws, making prostitution illegal and the laughable "war on drugs") and declare a new "War on Texts"? What's next? Where does this bullshit end, people? :rolleyes::rolleyes::rolleyes::rolleyes:Good point. And here is what I wonder - why are they after the cellphone companies over their fees when the banks screw us coming and going with fees and get away with it??? I got charged $2.00 to use a mac machine to check my balance!!

wilbur
01-04-2009, 12:08 PM
Good point. And here is what I wonder - why are they after the cellphone companies over their fees when the banks screw us coming and going with fees and get away with it??? I got charged $2.00 to use a mac machine to check my balance!!

They've tried to go after banks as well, in various ways... At least a few states have put a price cap on the ATM fees.

wilbur
01-04-2009, 12:12 PM
First of all:

WHO THE F*** PAYS FOR EACH TEXT MESSAGE INDIVIDUALLY?

Seriously....almost every cell carrier in the US offers an unlimited text plan for no more then $9.99 per month. Many regional carriers (like Mobi PCS in Hawaii, for example) give out unlimited texting in their monthly plan anyway.

So the Political morons are once again going to "save you from yourself" (just like they do with the Unconstitutional smoking bans, seatbelt laws, making prostitution illegal and the laughable "war on drugs") and declare a new "War on Texts"? What's next? Where does this bullshit end, people? :rolleyes::rolleyes::rolleyes::rolleyes:

Part of the scam is that you get charged for messages you receive.... so they get to charge twice for every message if the message goes through the same carrier.

And you generally cannot disable your phones ability to receive text messaging even if you don't have the plan.

Not saying government intervention is the thing to do though... they need to all be sued into oblivion. Hell, government intervention will be useless anyways.... because they will simply grease the right palms, as usual.

biccat
01-04-2009, 02:57 PM
WHO THE F*** PAYS FOR EACH TEXT MESSAGE INDIVIDUALLY?

I do.

My cell carrier charges me $0.10 per text message, either sent or received.

I've never paid more than $0.50 in a given month for text messages, except once when my carrier kept spamming me with text message advertisements and I had to call them to stop. Fortunately, they refunded the $1.20 that I sent.


And you generally cannot disable your phones ability to receive text messaging even if you don't have the plan.
Sure you can. Call your cell carrier and tell them you no longer want to receive text messages. They will disable them for you.

marinejcksn
01-05-2009, 01:07 AM
Fortunately, they refunded the $1.20 that I sent.

I love that. Stick it to those bastards! :D

Cell phone companies really piss me off (Cingular kept my phone on while I was in Iraq & charged me 2 grand), but getting the government involved is just asking to make things worse.