One of my own (many) gripes against capitalism is that it breeds huge mutant monopoly companies who eat their families. When big industries are deregulated, the powerful tend to use their power to squash competition, or merge with other powerful companies. They then use this new strength to squeeze out even more competition until they remain, alone, at the top of the heap. (Think about the old days when princes would murder their brothers and any other familial rival…Hey, at least they were honest.)
This sad capitalistic story keeps replaying itself in American, and if you want, you can make a bag of popcorn and watch it unfold, as mega-bucks mutant freak corporation Comcast grows bigger and bigger….But be warned, watching it unfold may require shelling out big bucks to Comcast for an internet bundle plan.
Here are a few choice cuts from the article:
What happens in countries where there’s real competition? In the UK, where incumbent provider BT is required to allow competitors to use its wired broadband network, home internet service prices are as low as £2.50 a month, or just over $4…..
“We can either have competition, which would solve a lot of these problems, or we can have regulation,” says Aaron. “What Comcast is trying is to have neither.” It’s insanity, and we keep lying to ourselves about it. It’s time to start thinking about ways to actually do something….
“Comcast and Verizon have so much clout in Washington that they’ve taken all the reasonable options off the table,” says the Free Press’ Aaron….FCC commissioners are drawn from the ranks of industry lobbyists, while industry lobbyists are drawn from the ranks of FCC commissioners….
So there’s the entire problem, expressed in four simple ideas: the internet is a utility, there is zero meaningful competition to provide that utility to Americans, all internet providers should be treated equally, and the FCC is doing a miserably ineffective job. The United States should lead the world in broadband deployment and speeds: we should have the lowest prices, the best service, and the most competition. We should have the freest speech and the loudest voices, the best debate and the soundest policy. We are home to the most innovative technology companies in the world, and we should have the broadband networks to match….