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Comcast Vs. Brian Roberts's Article, We Need Competition

829 Words4 Pages

A monopoly is defined as “complete control of the entire supply of goods or of a service in a certain area or market”. In the article, We Need Competition, Not an Internet Monopoly it talks about Comcast Corporation being the largest internet service provider. Not only does Comcast provide internet service, they also provide cable television and home phone services. Comcast owns NBC Universal making the media conglomerate one of the largest in media markets. According to Cassidy (2014) “It’s not just big by American standards. It’s the largest media company in the world. In 2013, it took in $64.67 billion, generating $13.6 billion in operating income and $7.1 billion in net profits.” Even with all the large profits, Comcast Corporation’s C.E.O Brian Roberts has plans to acquire Time Warner Cable. Money and influence are the main reasons monopolies exist. Most consumers would …show more content…

A barrier to entry is defined as “factors that make it difficult for new firms to enter the market.” (Pettinger 2014) With these huge barriers it will never be easy for new firms that don’t have the money or the customer base as larger firms. It’s unfair for companies to be able to monopolize an industry just because of the power they have. In a country like the United States where we have free reign on just about everything, why is that we are stuck with not having choices for internet providers? Cassidy (2014), states “It’s the predictable outcome of Congress bowing to the monopolists, or quasi-monopolists, and allowing them to squelch potential competitors.” I would have to agree with Cassidy’s statement here. A lot of these major companies support congress on their issues with business, therefore in turn congress allows them to have full control and continue monopolistic

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