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The problem is when utilities - effectively monopolies do this.

When GM sells you a car nobody forces you to go to official GM technical service for repairs: there's always your local mechanic. Not the same for your cell phone service, gas/electricity provider, phone/cable TV/internet provider, retail bank or health insurance.

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.

by Carrie (migeru at eurotrib dot com) on Sat Aug 15th, 2009 at 11:33:35 AM EST
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