Federal Trade Commission, Department of Justice To Host Workshop on Conditional Pricing Practices; Topics will Include the Law and Economics of Loyalty and Bundled Pricing; Project No. P141200
I currently subscribe to Verizon FiOS' Internet service alone. This costs me $80 a month. Yet I am told that if I also take a landline phone (which I don't need) and cable TV (to which I refuse to subscribe on principle -- being forced to pay for hundreds of channels I never watch to receive three I might),, I would pay "only" $90. This is beyond ludicrous; this is extortion, plain and simple. If all three items cost $90, then Internet alone should cost $30. Americans pay more than any other country for Internet service, yet our connection speeds are inferior to those in Slovakia and Estonia. The role of the Federal Trade Commission is to advocate for the public by regulating private industry. This situation cries out for regulation. I urge everyone on the FTC to require ALL cable/Internet companies to "unbundle" their services, and to offer them to customers at a reasonable price.