While this is true in a way it is to simple. Ex. Health care, heavily regulated in Europe and hell we are glad it is if the free market would be something like in the U.S. Or credit card fees, there is to little competition in the free market we (Europeans) are glad that the fees are somewhat regulated and therefore much lower. And honestly our local internet and mobile market is not bad either, sure a more open market could lower the prices but private companies would have no interest bringing fiber or proper 4g or 5g in regions with only a handful of people, but there is. Germany for example has bad internet coverage and they given away most of the responsibility to private companies
Yea, competition doesn't work when there are market failures. There is no competition is the us healthcare market because pricing is opaque and consumers have very limited information compared to doctors. Natural monopolies like wired internet can't have competition either.
I don't see how satellite internet falls victim to such egregious market failures.
