The monopolistic competition myth continues in Parliament
The competition between Singtel and Starhub has exploded the myth of competition in a monopolistic environment with people shaking their heads and fearing that they will be the ultimate sacrificial lambs. Can there really be competition that will benefit the consumers? This issue was raised in Parliament yesterday. This was what Lui Tuck Yew, the Acting Minister for Information, Communications and the Arts had to say. The Govt could fix the price service provider could charge the consumers. 'But a move like this, even if intended to keep prices low for viewers, may backfire and deprive them of programming altogether. It is like fixing the prices of public flats and HDB will not build affordable and quality flats anymore. In HDB's case, it is a national duty to build flats, so it will still build. But a programme provider like the EPL may not want to sell their products to Singapore, and all the football fans will suffer. See, the problem is not so easy to solve. Can there be other ways out? Can we open up the sky to look for better and cheaper solutions? Satellite disks? Free competition what? Free market is good for consumers and we believe in the principle of free market forces, free trade and free flow of information. Can this avenue be considered?