I consider everybody here very smart. In many cases smarter than myself. Therefore, could somebody please explain why we would give the government, which has shown itself to be terribly incompetent with technology issues, the ability to enforce net neutrality? Seriously, I can't get over the dissonance here. If it's such a shitty idea, let consumers decide. Google Fiber et al will just eat the major telecoms' lunch s…
Because the telcos are currently enjoying a "natural monopoly". The cost of entry to become a telco is so high, that normal competitive forces do not apply. In situations like this, one role of government is to regulate these natural monopolies to protect citizens. One such regulation, for instance, is that the power company cannot shut off your power in the middle of winter in Minnesota without fulfilling some prett…
We’re About to Lose Net Neutrality
161–170 of 275 posts
Re: We’re About to Lose Net Neutrality
#162Earlier quoted context omitted.
> What's your business plan? Thanks, this is is a point I do not see expressed enough. Regulatory capture just one expression of a 'free market'. When you are a non-moral entity, free to do business however you want, you will cheat, you will find ways within any system to lock others out of your market, you will screw the customer for every last cent, you will break the law if you can get away with it - or at least t…
> Liberalists seem to believe that free-marketism is a self-[optimizing] algorithm. It's worth noting that in the US, the term "liberal" is often used in association with those who are skeptical of the free market (moreso than their political opponents, anyway). Classical liberalism does promote laissez-faire economic policy, so you aren't incorrect, but the term is a bit ambiguous in context (see the 2nd paragraph i…
For me, this is the part I'd emphasize, and probably where we could create a great deal of consensus. Whether or not we agree that the government should be interfering for the benefit of the consumer, we definitely agree that it shouldn't be interfering for the benefit of big business.
Re: We’re About to Lose Net Neutrality
#163Re: We’re About to Lose Net Neutrality
#164Earlier quoted context omitted.
> What's your business plan? Thanks, this is is a point I do not see expressed enough. Regulatory capture just one expression of a 'free market'. When you are a non-moral entity, free to do business however you want, you will cheat, you will find ways within any system to lock others out of your market, you will screw the customer for every last cent, you will break the law if you can get away with it - or at least t…
> Liberalists seem to believe that free-marketism is a self-[optimizing] algorithm. It's worth noting that in the US, the term "liberal" is often used in association with those who are skeptical of the free market (moreso than their political opponents, anyway). Classical liberalism does promote laissez-faire economic policy, so you aren't incorrect, but the term is a bit ambiguous in context (see the 2nd paragraph i…
Re: We’re About to Lose Net Neutrality
#165I consider everybody here very smart. In many cases smarter than myself. Therefore, could somebody please explain why we would give the government, which has shown itself to be terribly incompetent with technology issues, the ability to enforce net neutrality? Seriously, I can't get over the dissonance here. If it's such a shitty idea, let consumers decide. Google Fiber et al will just eat the major telecoms' lunch s…
This is one of the two key dynamics in the tech industry. The other is distributors versus content companies. When Amazon streams you a movie made by NBC/Universal over pipes built by Verizon, Amazon is positioned antagonistically to these other companies in wanting to extract the largest share of the total you're willing to pay for the whole package. Net neutrality helps them do this, and so does weaker copyright protections, among other things.
Re: We’re About to Lose Net Neutrality
#166I consider everybody here very smart. In many cases smarter than myself. Therefore, could somebody please explain why we would give the government, which has shown itself to be terribly incompetent with technology issues, the ability to enforce net neutrality? Seriously, I can't get over the dissonance here. If it's such a shitty idea, let consumers decide. Google Fiber et al will just eat the major telecoms' lunch s…
How's the 'invisible hand' working for healthcare again? I'm very against government regulation, but something it's necessary.
That said, I'm not sure what the right answer is; I want everyone to have access to good health care. I'm not sure I need to be able to get in to have an MRI in a day or two like I can here, however it would be nice if my mother could have one without waiting for two years.
Re: We’re About to Lose Net Neutrality
#167Earlier quoted context omitted.
Because the telcos are currently enjoying a "natural monopoly". The cost of entry to become a telco is so high, that normal competitive forces do not apply. In situations like this, one role of government is to regulate these natural monopolies to protect citizens. One such regulation, for instance, is that the power company cannot shut off your power in the middle of winter in Minnesota without fulfilling some prett…
I thought it was the other way around, i.e. the telcos were given a monopoly on the wires, in order to avoid a bunch of different companies all running their own cables and turning the streets into an ugly mess. In exchange there is a bunch of regulation such as they are required to provide service to rural areas at a loss.
That said, telcos are not monopolies. They're in a hybrid state of regulated competition.
Re: We’re About to Lose Net Neutrality
#168I consider everybody here very smart. In many cases smarter than myself. Therefore, could somebody please explain why we would give the government, which has shown itself to be terribly incompetent with technology issues, the ability to enforce net neutrality? Seriously, I can't get over the dissonance here. If it's such a shitty idea, let consumers decide. Google Fiber et al will just eat the major telecoms' lunch s…
Because the telcos are currently enjoying a "natural monopoly". The cost of entry to become a telco is so high, that normal competitive forces do not apply. In situations like this, one role of government is to regulate these natural monopolies to protect citizens. One such regulation, for instance, is that the power company cannot shut off your power in the middle of winter in Minnesota without fulfilling some prett…
Re: We’re About to Lose Net Neutrality
#169Earlier quoted context omitted.
Because the telcos are currently enjoying a "natural monopoly". The cost of entry to become a telco is so high, that normal competitive forces do not apply. In situations like this, one role of government is to regulate these natural monopolies to protect citizens. One such regulation, for instance, is that the power company cannot shut off your power in the middle of winter in Minnesota without fulfilling some prett…
Exactly. Competition is the "active ingredient" in the free market, and "freedom" from regulation does not always suffice to guarantee competition. Utilities are the textbook example.
[1]http://www.econlib.org/library/Enc/ElectricityandItsRegulati...
Re: We’re About to Lose Net Neutrality
#170The toothpaste is out of the tube already, people know what freedom online tastes like. Bad news for old money - the Internet has an appetite for rentier blood. This will not be tolerated long term.