# Quote — David Cay Johnston, The Fine Print

> One of the sneakier tricks the telephone giants are pulling is to get state caps on prices lifted on the claim that they will not be raising prices, but lowering them. ...California regulators lifted the price caps... Some prices were raised as much as 600 percent...

- Author: [David Cay Johnston](https://www.leafyquotes.com/david-cay-johnston.md)
- Book: [The Fine Print](https://www.leafyquotes.com/david-cay-johnston/the-fine-print.md)
- Source: [Wikiquote](https://en.wikiquote.org/wiki/David_Cay_Johnston#The_Fine_Print_(2013)) ([CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/))
- Quote page: https://www.leafyquotes.com/david-cay-johnston/the-fine-print/one-of-the

## More from this book

> [C]lassical "corporations"... existed not for profit but in service of the state. ...A key tenet ...has changed since ancient times... If a business fails, the chief executive does not have to become a slave to the bank... Corporations... have inverted the Roman equation: ...the state serves them.

[Quote page](https://www.leafyquotes.com/david-cay-johnston/the-fine-print/c-lassical-corporations-existed.md)

> The only real risk of competition arose when some local governments favored the idea of building a municipal telephone, cable television and Internet access system that would be faster and cheaper. The industry responded like sharks, determined to do in the opposition and protect their predatory position.

[Quote page](https://www.leafyquotes.com/david-cay-johnston/the-fine-print/the-only-real.md)

> Legislatures passed these laws, presidents and governors signed them and the courts have endorsed them. In many cases they effectively gut state constitutional provisions and laws banning gifts to business.

[Quote page](https://www.leafyquotes.com/david-cay-johnston/the-fine-print/legislatures-passed-these.md)