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Welcome to Venezuela, America!

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Ever wonder what it’s like to live in Venezuela? You may not have to pack your bags. That’s because with the FCC’s release of its 350-page broadband plan, the freedom needle is moving further away from our “protected” First Amendment rights and closer to a situation where government controls the message—in other words, indoctrination.

In the FCC’s report, two words above all others stand out: “ecosystem” and “transparency.” They have dangerous implications.

By using the word “ecosystem,” the FCC implies that the companies involved in the Internet should exist within a controlled utopia rather than a vibrant market benefiting from the chaos of competition.

And by using the word “transparency,” the FCC implies that it would have the authority to look into what makes each company more competitive than the other. In other words, the FCC could use that information to level the playing field.

The result will be a mediocre Internet at best, and indoctrination of your grandchildren at worst.

George Gilder had this to say in his WSJ editorial Tuesday, titled “Cap and Trade for the Internet”: “The FCC’s new regulatory regime amounts to a kind of cap and trade for the Internet: It will cap Internet growth and restrict Internet trade. The likely winners are lawyers and special interests leeching off the telecom and Internet industries.”

The WSJ’s Review & Outlook column “Broadband Trojan Horse” points out the following about Obama friend and FCC chairman Julius Genachowski: “Mr. Genachowski wants more control over broadband providers so that he can implement ‘net neutrality’ rules that would dictate how AT&T, Verizon and other Internet service providers manage their networks.”

In the end, if the FCC gets its way, we’ll be more like Venezuela. Just a lot colder.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.