Earlier quoted context omitted.
Competition does help when it happens. The problem is Comcast and AT&T charge higher prices wherever there is no competition and they actively do whatever they can to prevent competition, they absolutely do not just wait around for other ISPs to compete. A few years ago Comcast’s active anti-competitive bullying of local ISPs in my city pushed me off the ISP I preferred. And there are too many areas in the U.S. where…
That's my point. Instead of having a government regulate a monopoly, if government is going to intervene it should be to allow others to compete first.
Unfortunately competition still doesn’t always work, because crafty companies know how to fix prices without explicitly colluding - witness the insulin market, for example. I don’t particularly believe that my cell phone plan prices are the result of providers competing on price, it often seems more like a silent unspoken agreement among the providers to not lower the prices, which in addition to insulin has happened in lots of other markets.