This is my third blog post getting published during this weekend. Since I am no vacation later part of next week, I will not be posting during the following weekend, and I had time today to do some more work, so I thought why not……….do some more publishing.
This post is about the social importance and necessity of net neutrality. However, I cannot help taking a swipe at the rich mens’ club of the Republican Party of the U.S., which is comprised of multi-millionaires and some billionaires, including the U.S. President Donald Trump. The bureaucratic and judicial appointments made by President Trump over the past 12 months demonstrate his intent in ample measure. The main objective of the Republican Party is to make rich people and rich corporations richer, while eventually having a design to take more money in the form of increased taxes from the middle class people, and knocking off the universal healthcare costs. This objective is playing out in the latest tax reform bill that the U.S. Senate passed during the early hours of Saturday, 2nd December. Corporations can help themselves and this extra tax savings will drive the stock markets even further up during the coming week. The percentage of middle income families who own stock in the U.S. is rather low. So, basically, money is going to flow from lowered taxes and increased stock prices to the coffers of the rich people who can afford to own a lot of stock and to the corporations who are already awash with money stashed in low income tax regimes abroad. The assumption that these monies will be used for investments in the U.S. is flawed right from inception. Money will flow wherein there is use for inexpensive capital to acquire less expensive labour, facilities, and materials in the case of manufacturing. Consumers are not going to pay for an iPhone manufactured in the U.S. at twice the current cost structure.
OK, that’s all on that topic, though there is a relationship to the following material on net neutrality. The FCC or the Federal Communications Commission, wants to help the big companies, and that should not come as a surprise at all. President Trump appointed Ajit Pai as the Chairman of the FCC, knowing full well he will execute what Trump wants. No net equality or neutrality can be expected from the revamped FCC under Ajit Pai. Full freedom is going to be given to large internet companies to throttle the internet the way they see fit, and this is going to cause a revolution amongst the internet based startups who are in the process of getting shortchanged. A new internet mechanism is not unimaginable, and companies like Google and Facebook should be busy at work in devising counter strategies to the abolition of net neutrality. Broadband internet will no longer be a telephone or electric power or water like utility subject to regulations, but will become an “information service tool”, which means it will be largely unregulated.
Social fairness and equality will be completely lost if net neutrality rules are abolished, leaving people at the mercy of broadband providers who could kill off competition. This is a very likely scenario – as consumers, we will gravitate towards broadband services which will offer the products or shows we desire at a faster speed if we are willing to pay more. There are comparisons for such consumer behaviour in all walks of life. For example, we are willing to pay more for getting our children into “successful” schools – those with a track record of producing successful kids. We are willing to pay more for reducing inconveniences in our lives – even at temples, we are willing (or constrained) to pay more to get into a “VIP” queue as it would be shorter, and the service provider (the priest) will do “more” in terms of services for those on this queue. If you think of similar examples, you would understand how the utopia will look like – something like Finland, wherein all children attend public schools funded by the government and still come out all right.
Take a look at some of these interesting sites:
There are many more……….it is critical to fight back. Consumers want more choice. Startups want more choice and freedom to choose. Big corporations want to control the market and make even more profit.
Think about it. What is your stand on this matter?
3rd December 2017