Capitalism is a wonderful thing. Provided you make sure the capitalists do not form a monopoly, and keep say five or six major players in the market, the consumer gets what they want
If working people ae not happy with the product or service they are getting, one of the other capitalists will fill in the gap, and soon they will take a substantial market share. So it is obviously unnecessary for the EU bureaucrats to step in and legislate about how much mobile phone companies can charge us.
Roaming charges were reduced, by order of the EU, and next year they will be abolished altogether. This is a crazy step for the EU to be taking. For most of us consumers, we were happy to pay roaming charges when we went abroad. We wanted to be charged 30p or 40p a minute to phone our home country and speak to friends and family.
It was obvious that travellers did not want cheap roaming data charges. Otherwise why would they have switched off data roaming on their handsets every time they went abroad? Naturally there were a few (there are always a few) who were different from the crowd. They looked forward to returning home and checking how many hundreds of pounds they had been charged for using data abroad and not confining themselves to internet cafes and the hotel lobby.
Now, against our will, and kicking and screaming, we are being forced by an undemocratic bunch of unelected faceless nobodies to pay the same in Sweden as we do in the UK.
How dare they!
That is not how the market works. And we know the market works because that is what every politician, broadcaster and economist apologist for capitalism tells us.
And they are the experts.
