Executive Summary: the FCC is going to help reconstitute Ma Bell all over again. Let’s call it Ma Bell 2.0.
The damage to the economy will be significant as it results in less competition, less risk-taking, less entrepreneurship, and less innovation. Higher prices for consumers and a step backwards for the U.S.
I can prove it.
Think of the most unregulated marketplace in the U.S. One with the least government intervention. If you answered software and Internet applications, you’re a winner.
Over the last 25 years, the largely unregulated world of software has created untold trillions in value creation: Amazon, Microsoft, Google, eBay, Oracle, Facebook… the list goes on and on. Anyone with a good idea and some hacking skills can create a business worth tens or hundreds of millions of dollars.
No regulation. Unfettered competition.
Read the rest here.
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Shorter version of the above:
I demand government intervention in this private business decision, but the government made me demand it.
I just wish the government would lift the heavy regulatory burden off of book publishing, so that anybody could enter the business and the unfettered competition would lead to untold trillions in value creation.
i love the executive summary…