Until 1984, local governments kept cable prices in check. Then deregulation resulted in a torrent of price hikes, interrupted only by a brief period, 1993-1996, when rates were regulated.
The Telecommunications Act of 1996 opened the flood gates to deregulation and more price hikes. Since passage of the 1996 Act, cable rates have increased by 59 percent—almost three times the rate of inflation—according to the Bureau of Labor Statistics.
What say you? Was it a mistake? What should be done?