The tech giants like Google, Amazon and Facebook tried to scare America into protecting them from competition…
And the progressives and socialists wanted to control the internet.
They both lost … and the world didn’t end.
Instead, it’s better off.
Let me explain…
Net neutrality was implemented in 2015 – during the Obama administration.
It sounded like a good thing … after all, who wouldn’t want the internet to be neutral, right?
But “neutral” doesn’t mean a free market internet.
But instead, it introduced many new regulations that ended up punishing the small ISPs that didn’t have the time, money or attorneys necessary to wade through the complexity of all the new rules.
Among the unintended consequences which followed:
- Investment in broadband networks dropped more than 5.6%
- Small ISPs hesitated to introduce new services for fear of being non-compliant with the new regulations … possibly resulting in some kind of enforcement action
Last December, the FCC repealed net neutrality … and FCC Chairman Ajit Pai was severely criticized by net neutrality supporters…
The FCC’s Restoring Internet Freedom Order went into effect this week … and the internet is still working – working quite well, in fact.
Net neutrality had stripped the Federal Trade Commission (FTC) of its authority over ISPs … but now it has the ability to protect consumers regarding the internet.
Less regulation also restores the opportunity to build a better product.
FCC Chairman Ajit Pai summarized it this way:
“The bottom line is that our regulatory framework will both protect the free and open internet and deliver more digital opportunity to more Americans. It’s worked before and it will work again.”
What do you think? Write me at email@example.com.
Here are the rest of this week’s articles:
- The Magalog: An Infomercial in Print
- Join me at FreedomFest: The Nation’s Largest Conference on Liberty, Economic Freedom and Investment Opportunities
- September: Why It’s Critical for Maximum Response This Year