It is really quite easy to understand what net neutrality is all about. It is Obama’s plan to bring the Internet under the control of the federal government.Markets or politicians?
The Federal Communications Commission keeps announcing its authority over the Net. It was slapped down by the Supreme Court. But it’s back.
This time, it wants to impose price controls. It wants to keep all prices paid by media companies the same.
What if an Internet Service Provider wants to charge Comcast or Netflix more money, because it’s hogging the available bandwidth? The FCC says no.
This is the fundamental law of economics: “At zero price, there is more demand than supply.” The FCC denies that this law exists. So, it wants to slow everyone down by making sure that the big boys don’t get charged more.
Tuesday, February 10, 2015
Net Neutrality = Price Controls
Tea Party Economist reports:
