(C) Common Dreams
This story was originally published by Common Dreams and is unaltered.
. . . . . . . . . .



Big Business Is Overcharging You $5,000 a Year - The New York Times [1]

['David Leonhardt']

Date: 2019-11-10

When Thomas Philippon moved to Boston from his native France 20 years ago, he was a graduate student on a budget, and he was happy to discover how cheap American telephone use was. In those days of dial-up internet connections, going online involved long local phone calls that could cost more than $10 apiece in France. In the United States, they were virtually free.

Philippon eventually got a Ph.D. in economics at M.I.T. and decided to stay here. He’s now a professor at New York University. And over the years, he has noticed something surprising about his adopted country: Internet usage is no longer a good deal.

Today, his parents pay about 90 euros (or $100) a month in the Paris suburbs for a combination of broadband access, cable television and two mobile phones. A similar package in the United States usually costs more than twice as much.

[END]
---
[1] Url: https://www.nytimes.com/2019/11/10/opinion/big-business-consumer-prices.html

Published and (C) by Common Dreams
Content appears here under this condition or license: Creative Commons CC BY-NC-ND 3.0..

via Magical.Fish Gopher News Feeds:
gopher://magical.fish/1/feeds/news/commondreams/

You are viewing proxied material from magical.fish. The copyright of proxied material belongs to its original authors. Any comments or complaints in relation to proxied material should be directed to the original authors of the content concerned. Please see the disclaimer for more details.