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The obvious truth about text messaging: you’re getting ripped off – Engadget Mobile.

I saw the NY Times article that the Engadget Mobile post talks about. The shorter version is: Wireless Carriers, in an absence of regulations, have decided it’s profitable to, as a group, triple texting rates to force more revenue per subscriber.

Now, I’m really too old to be a texting champ. My better half is a past master of no-look texting, which is apparently a required course in elementary school in Manila, but I’m older and slower. I don’t text much, not more than a few times a month. Certainly not enough to pay for a messaging bundle.

So I get to pay the 20 cent rate. Why? Because we have 3.5 large nationwide cellular companies and nobody tells them they can’t. The federal government has shown zero interest, neither on an anti-trust basis from DOJ, nor on a regulatory basis from FCC. The market seems little less than self regulating. They will continue screwing customers until someone stops them.

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