Monday, March 24, 2008

XM-Sirius merger should not pass go, not collect $200

In the news today I saw that the Justice Department has green-lighted the merger of the only 2 (or at least the only 2 that I'm aware of ) satellite radio carriers in the U.S. -- XM and Sirius. The only thing holding it back right now is review by the FCC (Federal Communications Commission). Well I hope that my boy Jonathan Adelstein stands up for the American consumer and leads a strong effort to block this.

Folks, being a libertarian means you support and believe in the free market to provide better goods and services to the consumer, but that's only true given COMPETITION, and there is no competition when the only two companies in an industry merge.

Competition drives down costs and creates the best product. Without it, we might as well live in East Germany in the 1980s.

Good example of this is wrestling. When there was strong competition between WWF and WCW every monday night from 1996 to 1999, the product was hot. Millions in PPV sales, ticket sales, wrestler merchandise, and you felt like you had to watch it every Monday night or you'd miss something big. But in early 2001 when ECW went bankrupt and WCW got bought by Vince McMahon, the product gradually declined from thence.

Let's oppose this merger in whatever way we can. If it means disconnecting my service if it gets approved, so be it.

Let's also go on a hunt for other satellite radio companies and support them.

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