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Reason Foundation

For Whom the Ma Bell Tolls

Adrian Moore
December 21, 2005, 6:46pm

The always top-notch Tom Hazlitt looks at the lessons from AT&T's life and times.
Today, entrepreneurs, investors, and network operators around the globe yearn to learn from the AT&T experience. They will find four simple bewares: (a) of high-priced acquisitions; (b) of cheap credit; (c) of market boundaries defined by history; (d) of business models scripted by regulators.

Adrian Moore is Vice President, Policy


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