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Comcast merger cannot be a good idea

  • Paul Krugman asks why we would even think about letting Comcast buy Time Warner. "Second, when and why did we stop worrying about monopoly power?"

    He noted that regulators must have been trying to break up Comcast at one point considering how non-competitive the broadband industry is. "Letting it expand would have been unthinkable," he writes, explaining that "monopoly power has become a significant drag on the US economy as a whole."

    Krugman pointed out that monopolies suppress innovation and betterment since there wouldn't be an incentive to upgrade your network "when your customers have nowhere to go."

    Tagged as: comcast monopoly, monopoly affects, comcast deal time warner, money news, business news