Friday, September 14, 2018

Destroying the case for "Net Neutrality"

Investors Business Daily editorializes,
...With the advent of 5G home and wireless services, the "net neutrality" argument falls down like a house of cards. If one internet provider does something stupid, like block certain websites, consumers will simply switch providers.

But that's always the way it is with government regulations designed to "protect" consumers. They're always several steps behind the blistering pace of free market innovations.

At best, they're quickly outstripped by free-market innovations. At worst, they inhibit innovations and make consumers' lives worse off.

It was the FCC itself — the agency Google and company say must act as the guardian of internet innovation — that delayed TV for years, tried to strangle cable TV, stymied phone companies from offering competing services, and delayed cell phones by a decade. All in the name of consumer protection.

Why innovators like Google and Facebook can't understand any of this is a complete mystery.
Read more here.

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