Because the cryptocurrency sytem requires no bank, and no government control it is truly disruptive and multiple agencies described by the authors are already trying to block it or control it.
The collateral damage is beginning to pile up from the FCC’s February decision to trigger Title II telephone utility regulation of the Internet. Long called the “nuclear” option, the FCC preemptively triggered Title II Internet regulation ostensibly to prevent potential new net neutrality problems, which the FCC admits it can’t yet identify.
That may not be a good thing. A February article in New Scientist announced, Google wants to rank websites based on facts not links, and writer Hal Hodson said, “The internet is stuffed with garbage. Google has devised a fix – rank websites according to their truthfulness.”
The huge-er government gets – the greater its ability to deliver cronyism goodies. The bigger the wallet government has – the larger the regulatory hammer it wields – the more Crony Socialism it can dispense.
The GOP wants the Silicon Valley’s love. And by love we mean the millions of donation dollars that currently go mostly to Democrats. And sadly, it appears some Republicans will go to nearly any length to curry some of that coin.
On February 26th, the FCC executed President Obama’s call to “implement the strongest possible rules” to regulate the Internet as a telephone utility under “Title II” of the Telecommunications Act.
Legally, the result of this “reclassification” was for President Obama and the FCC to assert regulatory jurisdiction over the Internet ecosystem, creating a de facto American “Digital [Internet] Single Market” industrial policy, like the European Commission is in the process of creating for the European Union.
The Marketplace Fairness Act has once again risen from the dead. A group of legislators has once again introduced legislation which would significantly change how online retailers are taxed. The[…]
President Obama recently criticized the European Union for pursuing an antitrust case against Google over plans to establish a European Digital Single Market, and for its trade positions in the US-EU Transatlantic Trade and Investment Partnership.
In this episode of The Heartland Daily Podcast, Budget & Tax News managing editor Jesse Hathaway is joined by former Deputy United States Coordinator for Communications and Information Policy Scott Cleland.
The FCC’s Open Internet Order, which reclassified the commercial Internet as a Title II utility, is very likely (80%) in the end, to be overturned in court – for a third time.
The FCC’s legal theory and many core assumptions are so aggressive, it’s clear that the FCC expects, and needs, continual and maximal deference from the court to prevail. The FCC also requires the courts to view the FCC’s most aggressive assertion of unbounded authority ever, as a mere administrative interpretation of ambiguous law, and not a political bypass of Congress and the 1996 Telecom Act.
The Barack Obama Administration’s Thursday Internet uber-power grab is awful for just about every American. It will lead to dramatically more expensive Web access – because of both raised service costs and huge new taxes.
Thursday is for freedom a very bad day. That is the day the free speech-free market Xanadu that is the Internet will be unilaterally seized by the Barack Obama Administration.
Per the President’s demand, the allegedly independent Federal Communications Commission (FCC) is pretending to be Congress – and writing new Web-regulating law for themselves. And on Thursday they will vote on it – and thereby grab expansive, broad and deep overlording powers.
Last November, President Obama effectively abandoned America’s longstanding free trade Internet policy established by President Clinton, in favor of a protectionist Internet industrial policy to benefit America’s national champions, Silicon Valley, under the guise of “net neutrality” policy.
If you don’t visit Somewhat Reasonable and the Heartlander digital magazine every day, you’re missing out on some of the best news and commentary on liberty and free markets you can find. But worry not, freedom lovers! The Heartland Weekly Email is here for you every Friday with a highlight show.
You’ve heard the phrase “patent trolls,” yes? Certainly not a positive sounding term. I mean – trolls?How positive an image does that conjure? The Media are almost always opposed to all things good. So when they with near unanimity help promulgate a term – you need to (re)contemplate its definition.
Titch says the FCC’s grab for regulatory power over such a large sector of the U.S. economy threatens the way the Internet has worked for years, as well as the stability of the rest of the economy.
“Fixing” what’s not broken. Radically changing what everyone likes. Abandoning what works exceptionally well for what’s failed miserably in the past, and forcing outdated regulations on what is the most modern part of the economy.
President Barack Obama has a repetitive tic when it comes to his myriad power grabs.
The President knows if he is straightforward about his plans to government-ize every sector of the economy – said plans will be even less popular than they already are. (Hello, November election.)
So he likes to cite successful private sector endeavors as alleged, though-actually-antithetical visual aides for his government takeover model. He heaps praise upon them – and then announces he is going to bury them with government.
To best delineate why Net Neutrality is so terribly bad, behold the following video. In which is laid out the worst portions of Net Neutrality – and the Marxist reasons why the Left wants it done.