Tuesday, July 29, 2008

REGULATED DEVELOPMENT

It was rather strange to hear Gloria make a near-commitment on behalf of telcos, to halve the price of SMS. It is actually quite frightening that a President has that much influence.

It does not matter whether the P0.50 text is permanent or temporary. The telco industry owes its great success, and the public owes the benefits of conveniences in communication, to the relative freedom of the market. I say ‘relative’ because of the presence of the National Telecommunications Commission, and the high taxes imposed on the companies.