Myth 212 - Free competition is good
Over the years we have been creating a few fictional warlords to compete with each other for monopolistic businesses and we claimed that they are good. Competition means better quality, efficiency and competitive pricing. Then some quietly merged again, probably realising that it was all a hoax. Now we have two out of three media/entertainment providers competing with each other to see who can pay more to acquire rights to entertain the consumers. And all must be doing it for the good of their consumers. The consumers can expect better quality programmes at lower or more competitive cost. Now, would the programmes be better now that Singtel had almost double the bid price to acquire the rights for EPL etc? Would the consumers be paying more or lesser after this great and free competition? Someone was shouting 'Singapore Premium ah!' behind my back. It is so easy to make money from Singapore. No problem actually when we have so much money to spend, OPM.