Crony Capitalism & the Internet   Leave a comment

Were you happy with your doctor and did you get to keep him? Were you happy with your insurance policy and do you still have it? Have your premiums gone down … or up?

Yeah … the ACA is a cautionary tale of what happens when large corporations and government get into bed with one another. The ACA was written by large medical corporations behind closed doors in collusion with our elected representatives and, with a few notable exceptions, it has largely been a disaster.

So now we have Net Neutrality. Do we think it wasn’t written in a way that will make it harder for new companies to offer Internet service?

If I wasn’t a broke novelist taking informed pot shots from the cheap seats, I’d bet money that the telecoms now have an effective tool against smaller, more efficient competitors and that consumers will have few options for Internet service.

Oh, but you believe the politicians who say that if they hadn’t stepped in things would be much worse?

In a truly free market, telecoms like Comcast and Time Warner would have to adjust their practices or go out of business. They’d be replaced by options that would give us better service at lower prices. Some of the new options would depend on taking advantage of the freedom to charge more for certain types of Internet … which is exactly what Net Neutrality seeks to eliminate.

Barriers to competition tend to work in the favor of large corporations which can more easily afford to forego profits in the short term in order to profit in the long term. This sort of predatory capitalism blocks the smaller companies out of the market and leaves the field wide open for the larger companies that helped to write the regulations in the first place.

 

But hey, don’t take my word for it. Go research it for yourself.

What's Your Opinion?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Valentine But

Books: fiction and poetry

Faith Reason And Grace

Inside Life's Edges

Elliot's Blog

Generally Christian Book Reviews

The Libertarian Ideal

Voice, Exit and Post-Libertarianism

CRAIN'S COMMENTS

Social trends, economics, health and other depressing topics!

My Corner

I write to entertain and inspire.

The Return of the Modern Philosopher

Deep Thoughts from the Shallow End of the Pool

Steven Smith

The website of British steampunk and short story author

thebibliophagist

a voracious reader. | a book blogger.

cupidcupid999

adventure, art, nature, travel, photography, wildlife - animals, and funny stuff

Republic-MainStreet

The Peaceful Revolution Liberate Main Street

%d bloggers like this: