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Once more history demonstrates that capitalism and free markets cannot co-exist. The attack on net neutrality is nothing less than a full scale assault on free markets and an even playing ground. It is an effort to rig markets and prevent innovation, competition, and everything that allegedly makes capitalism good.

After killing privacy, net neutrality is the FCC's next target

The Trump-era Federal Communications Commission lost no time in rolling back Obama-era privacy rules that prevented internet providers from collecting and selling customer data without consent. Now that the motion repealing those rules has been signed and sealed by President Trump, the FCC's Chairman is reportedly eyeing his next target: net neutrality.

According to Reuters sources, FCC chair Aji Pai met on Tuesday with representatives of major telecoms companies to discuss his plans to roll back net neutrality rules. Pai, an ex-Verizon lawyer, is reportedly committed to ensuring an open internet, but feels that net neutrality rules passed by the Obama administration went “too far.”

Basically, in closed door meetings capitalists are bribing republicans to hand them a monopoly on content and distribution. This is a a failure of capitalism and demonstrates that capitalism is not compatible with either free markets or democracy. The solution is to nationalize any telecom company behind this effort. Only the fear of losing their revenue streams can keep the greedy of such parasites in check.

If the Trump administration goes through with this, you can mark it as a complete failure. Industry monopolies, especially ones related to the most important infrastructure in the world, the Internet, are simply bad for the economy.

#politics #economic #captialismFails