(This is Why) We're all Living in Amerika!
*The Dismal Science*


Saw this one in the WSJE this weekend and it reminded me of this nugget from last year.

Deutche Telekom said net profit in the scond quarter fell 14%... DT joins an expanding list of European telecom incumbents scaling back growth forecasts as consumers migrate from traditional fixed-line telephony to wireless and Internet-based services offered by a growing number of smaller carriers at ever-cheaper prices.

Gosh, ain't that something? The only dog-eating-dog is big corporatist buisiness' own ass.

A Priori economics demonstrated.