• 133arc585@lemmy.ml
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    1 year ago

    This type of logic only makes sense in the case of public utilities, not privately owned companies.

    What do they think we’re paying for? I don’t see how the non-amortized costs (ie, non-infrastructure-buildout costs) could ever approach the amount they pull in revenue. This also ignores the fact that the telcos have gotten somewhere in the double-digit billions of dollars (iirc, around $40B) in taxpayer money to build out fiber infrastructure, that they never delivered on. What are they using this money for? What are they using their subscription revenue for?

    • _haha_oh_wow_
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      1 year ago

      You are mistaken: It’s not over 40 billion, it’s closer to half a trillion.

        • _haha_oh_wow_
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          1 year ago

          Yeah, it’s kinda mind blowing unfortunately. Regulatory capture really undermines the public services that our taxes are supposed to be paying for.