Bloomberg (October 15, 2015) "There is little intelligent discussion about the costs of too much regulation on the one hand, and the excesses of capitalism on the other. That is a shame, because both sides of those issues create real economic frictions with substantial societal costs ... The U.S. does a poor job in regulating industries to which it grants monopoly or oligopoly status ... and a very poor job of managing competition and adopting the needed standards to improve market efficiency."
Consider the following chart:
It raises the question of why prices for every major tech product and service have fallen, except cable and satellite television. The answer comes to us from Economics 101: it is a function of competition, of which there is very little in that industry. Add to that the cost in time and energy of switching providers; it's so aggravating to drop Comcast as your cable provider that a new service will spare you the pain and charge $5 to do it for you.
Television services are just one example ... It seems impossible, however, to have a serious conversation about this as long as rich companies buy off elected officials who grant special tax breaks, dispensations and exemptions. You can pretty much name any intractable problem in the U.S. and trace it back to the money corrupting the political process.
(Comment) "And do we have the quality of US cable television to go along with the high price? Substandard. Very interesting case for breaking up the cable cartel.