Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

A Victory for Consumers

December 17, 2018 By Debbie Young

Federal Communications Commission (FCC) Chairman Ajit Pai, during the Inaugural Agriculture and Rural Prosperity Task Force Meeting to determine what must be done to promote agriculture and economic development, and quality of life in rural America, in Washington, D.C., on June 15, 2017. USDA photo by Lance Cheung.

Last year’s repeal of the Obama administration’s regulation resulted in a lot of intense reaction, with cries that it would break the Internet. Not so, points out James Freeman in the WSJ.

The irrational fear was that service would be so “throttled’ and slowed by deregulation that the Internet would never be the same. A year later, give the website Recode credit for at least implicitly acknowledging that the “net neutrality” campaign was bunk.

A Lobbying Coup for the Tech Industry

The Obama strategy was to impose on the Internet old-fashioned telephone rules to force network operators to offer cheap service to heavy Internet users like Netflix and Google. It was a lobbying coup for the tech industry—getting Washington to cut Silicon Valley’s phone bill.

The Internet Is Alive and Well

A year ago today, the Federal Communications Commission (FCC) repealed the harmful 2015 Internet regulation dubiously titled the “Open Internet Order.” The media and pundits are unlikely to issue corrections, but here are some facts to remember.

  • The Washington Post, The New York Times, CNET, Ars Technica, Recode, The Verge, and advocacy groups such as Free Press and Public Knowledge predictably forecasted apocalyptic consequences to the rollback of the regulation, mischaracterizing the Restoring Internet Freedom Order (RIFO) which replaced it.
  • CNN declared “the end of the Internet as we know it.”
  • Other media outlets said the RIFO was “gutting the rules that protect the Internet,” and “that the internet has no oversight.”

The End of Price Control

Roslyn Layton of the American Enterprise Institute explains:

When the media talks about the end of the internet, they are referring to the end of the price control that favored Silicon Valley at the expense of consumers… In 2015 the FCC claimed that its rules were underpinned by a “virtuous circle” and predicted increased investment in and deployment of networks, but the opposite happened. Chairman Ajit Pai testified in Congress that the rules depressed investment and that the RIFO reversed that trend.

FCC Chairman Ajit Pai has helped consumers by restoring the incentive to invest in new networks and better service.

As James Freeman asks, what other Trump era outrages may not be exactly as reported?

Read more here.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Victory!
  • Trump Celebrates Acquittal Victory
  • VIDEO: Ted Cruz victory speech
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • Oh Yes! It Can Get Worse - February 1, 2023
  • “I Will Veto Everything They Send Me” - January 31, 2023
  • How to Fight Wokism Idiocy - January 30, 2023

Dick Young’s Must Reads

  • The Four Most Important Words in Investing
  • Why Investors Should Forget Prices and Focus on Income
  • The Problem in America
  • The Claremont Institute: Protecting the American Way of Life
  • Florida: Enjoy Certain Freedoms and Individual Liberties
  • Stunned Democrats Against “Defund Police”
  • BEYOND RUSSIA: America Strengthens India Ties to Counter China
  • “The Great Object Is that Every Man Be Armed”
  • DEATH SPIRAL: Crime Soars in Democrats’ #DEFUNDTHEPOLICE Cities
  • DIGITAL ID: You Are More than a Soulless Digital Identity

Our Most Popular Posts

  • Will Western Tanks Be a Game Changer in Ukraine?
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Europe Should Protect Itself
  • “I Will Veto Everything They Send Me”
  • How to Fight Wokism Idiocy
  • US Debt Now Exceeds Annual GDP?
  • The Neocon Russia-Hoaxers of Hamilton 68 Must Be Held Accountable
  • What Kind of Life Are You Investing For?
  • Why Don’t These Mayors Seem to Care?
  • Pfizer CEO Terrified of Real Questions About His Vaccines

Disclosure

RSS Youngresearch.com

  • Reagan’s America Remembered by Your Survival Guy and More
  • What Happens if the “Fed Put” Is Over for Good?
  • Tom Brady Retires, Again. Should You?
  • What Kind of Life Are You Investing For?
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Are the Realists Winning the Debate over the Future of EVs?
  • CATO: Global Freedom Is in Sharp Decline
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Suddenly, Holding Cash Looks Good Again to Many

RSS Yoursurvivalguy.com

  • Survive and Thrive February 2023: 4 Life Changing Words: “You Should Try This”
  • Tom Brady Retires, Again. Should You?
  • Reagan’s America Remembered by Your Survival Guy and More
  • America’s Unprecedented Debt Problem
  • Iran’s Ballistic Missiles Could Give Russia the Edge in Ukraine
  • What Kind of Life Are You Investing For?
  • Why Don’t These Mayors Seem to Care?
  • Tactical Laser Weapon Achieves “First Light”
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Your Investment Focus Is the Foundation for Success

SEN. KENNEDY: This Is How to Fix Biden’s Border Disaster

Oh Yes! It Can Get Worse

Reagan’s America Remembered by Your Survival Guy and More

Can Ukraine Be Solved the Way Kennedy Solved the Cuban Missile Crisis?

What If Russia Does Fall Apart?

Don’t Expect Much from the GOP House

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives