T-Mobile promised users who bought certain mobile plans that it would never raise their prices for as long as they lived—but then raised their prices this year. So it’s no surprise that 2,000 T-Mobile customers complained to the government about a price hike on plans that were advertised as having a lifetime price lock.
The hilarious thing is that prices could and should have been able to go continuously lower. It’s just that in the interest of making massive mega conglomerates, we allow insane amounts of debt to be issued to companies that are either unprofitable long term or because of said debt become unprofitable long term (Red box is a recent example). We really should probably be allowing and incentivizing varied, steady, and reasonable industry growth instead.