Monday, March 10, 2014

The internet is fucked

Nilay Patel channels his inner Matt Tahibi in The Verge The internet is fucked "American politicians love to stand on the edges of important problems by insisting that the market will find a solution. And that’s mostly right; we don’t need the government meddling in places where smart companies can create their own answers. But you can’t depend on the market to do anything when the market doesn’t exist. 'We can either have competition, which would solve a lot of these problems, or we can have regulation,' says Aaron. 'What Comcast is trying is to have neither.' It’s insanity, and we keep lying to ourselves about it. It’s time to start thinking about ways to actually do something."

"This shit is insane. It is unacceptable. The smartphone revolution was about putting a powerful computer and an internet connection in everyone’s pocket; it was not about creating a new class of economic gatekeepers with the unchecked power to control and destroy markets with zero oversight and little true competition. Famed venture capitalist Fred Wilson at Union Square Ventures has called the net neutrality situation a "nightmare" for startups trying to get funded, saying that he expects telecom companies to "pick their preferred partners, subsidize the data costs for those apps, and make it much harder for new entrants to compete with the incumbents.""

"So there’s the entire problem, expressed in four simple ideas: the internet is a utility, there is zero meaningful competition to provide that utility to Americans, all internet providers should be treated equally, and the FCC is doing a miserably ineffective job. The United States should lead the world in broadband deployment and speeds: we should have the lowest prices, the best service, and the most competition. We should have the freest speech and the loudest voices, the best debate and the soundest policy. We are home to the most innovative technology companies in the world, and we should have the broadband networks to match. We should stop fucking it up."

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