Time and again I’m seeing analyses from the left about broadband competition in America, that show a complete lack of awareness about how wired broadband actually works in America.
Not all markets are created equal, and you have to understand how those markets work if you’re going to try to sound intelligent about the effects of mergers on competition.
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Is he still going on about Net Neutrality? Yup, the Notice of Proposed Rule Making (NPRM) was just the beginning of this dance. They don’t seem to understand that it’s a bad idea that’s run its course. I mean, even the radicals as they stretch to come up with excuses to do it, can’t even get their stories straight. They whine about fast lanes, they whine about Comcast giving “free” bandwidth to Comcast video users, but they also call for Internet to be regulated under Title II of the Communications Act, which would allow the fast lanes they claim to hate.
We need to deregulate, as Bill Clinton, Al Gore, and Newt Gingrich intended with the Telecommunications Act. Tom Wheeler and the FCC need to be told this, and we ought to pass legislation to enforce it. Every time we pass one new regulation picking a winner and a loser, we create two paid lobbyists in DC: one from the winner to protect what he got, and one from the loser to get something else to make up for it. That’s why Netflix is screaming, because they want to be a winner and that’s also why Marsha Blackburn is calling them free riders. No more winners and losers. Deregulate now.
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In Monday’s Coffee and Markets, Brad Jackson really went off in favor of Net Neutrality, the policy that twice has been struck down by the courts as an illegal power grab by the FCC, and is being promoted a third time by the Obama FCC at the behest of the radical socialist wing of his party.
Francis Cianfrocca I thought put in a good effort trying to be even handed about the whole thing, but I wanted to respond to a message like that making it to the front page of RedState. I understand where both of them are coming from, and I think it’s important to explain why Net Neutrality really is a terrible idea.
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I talk about anarchists often in this space, but I mean it. These people are a threat. Here’s one cell making threats and demanding $3 billion from Google in blackmail.
And that’s why it’s so incredibly insane that the US Government keeps playing blame the victim with these guys, as in the Wyndham case. It’s going to be up to the Congress to reel in the FTC on this.
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Anarchy update: The black marketeers at Silk Road 2 got robbed for a Bitcoin amount worth over $2 million at current exchange rates. Iran shut down another black market ring, Germany and the Netherlands have joined the global hunt to shut down Silk Road and spinoffs. Keep in mind these online black markets are used for drugs, hired killings, child pornography, human sex trafficking, and anything else you can think of that’s a problem in society. They try to say “Oh it’s just pot,” but it’s not. It never is.
In another bad sign for digital currencies. another prominent digital currency, Dogecoin, is experiencing a major glitch that threatens to disrupt commerce or even take people’s money away from them. Why do people tolerate all the volatility and instability of digital currencies? Easy: it lets them evade the law. That’s it. That’s why these things are going anywhere at all, because they’re a magnet for the scum of the earth.
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