AT&T Forced to Cancel 5G Home Internet in New York
Moonbattery is often why we can’t have nice things. An example from the People’s Republic of New York:
A new broadband law is going into effect this week in New York state requiring internet provider to offer low-income residents access to monthly broadband rates of $15 for 25Mbps or $20 for 200Mbps. As a response, AT&T has decided that it no longer plans to offer its 5G home internet in the Empire State…
As anyone with even a junior high understanding of economics is probably aware, price controls mean shortages. Ultimately the shortages result in products and services disappearing entirely.
“While we are committed to providing reliable and affordable internet service to customers across the country, New York’s broadband law imposes harmful rate regulations that make it uneconomical for AT&T to invest in and expand our broadband infrastructure in the state,” the company said in a statement provided to CNET.
As it descends into end-stage moonbattery, New York becomes less a part of the USA. Kevin O’Leary has advised against trying to do business there.
If the Empire State becomes its own country, private internet providers would be looted and regulated out of existence. The government would step in to replace them, resulting in little if any internet service. But at least it would be free, meaning that someone else would be forced to pay for it.
On a tip from Wiggins.
The post AT&T Forced to Cancel 5G Home Internet in New York appeared first on Moonbattery.
Source: https://moonbattery.com/att-forced-to-cancel-5g-home-internet-in-new-york/
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