Profit is becoming evil. Maybe even illegal.
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.”