You’re paying more in America than you would in Europe
NYU economists Germán Gutiérrez and Thomas Philippon note:
“…But starting around
2000, U.S. markets began to lose their competitive edge. Now, Internet access
and monthly cellphone plans are much cheaper in Europe than in America, as are
flights. Even in Mexico, mobile data plans are better priced than in the United
States.
Deliberate policy
choices explain these changes. European countries created the single market,
which took effect in 1993, and deregulated their domestic markets. Today, most
European Union countries score better than the United States in enacting
policies that make industries more competitive.”