Some Reasons Why Net Neutrality Is A Threat To Our Freedom

Posted by: : Paul EbelingPosted on: February 27, 2015 Some Reasons Why Net Neutrality Is A Threat To Our Freedom
 

Some Reasons Why Net Neutrality Is A Threat To Our Freedom

$NFLX, $VZ, $CMCSA, $FB, $TWC

The FCC’s Democrat majority voted Thursday to fix something that is not broken by approving strong new regulations for the Internet. Republicans are dissenting, suggesting that the new rules in government hands are a threat.

The commission Chairman, Tom Wheeler, said the new rules will ensure net neutrality by barring Internet service providers like Comcast (NASDAQ:CMCSA) from charging companies like Netflix for priority data transmission. Considering that ISPs do not do this, and currently treat all data transmission equally, Rep. Darrell Issa, (R-CA), accused the FCC of trying to “fix something that is not broken.”

Below at some Key reasons why the FCC’s new net neutrality rules may be a threat to American’s freedom.

1. The FCC’s new rules are a government grab of the Internet.

Under the new rules, broadband Internet is classified as a public utility for the 1st time ever. This gives the government wide control of private companies like Comcast, Verizon (NYSE:VZ), and Time Warner Cable (NYSE:TWX), reducing their incentives to invest in their respective networks. Without this investment, broadband technology will develop more slowly, and prices will be higher for consumers.

2. Net neutrality subsidizes large companies like Netflix (NASDAQ:NFLX) and Facebook (NASDAQ:FB) who do not need it.

Last  November, it was widely reported that Netflix alone accounts for over 35% of all Internet traffic in the US. If broadband providers were able to charge Netflix a small fee for the high volume of data they send, they could pass that money onto consumers in the form of lower monthly bills.

3. The new rules subvert democracy and the will of the American people.

CBS News reported that two in three Americans are opposed to the idea of government regulating the Internet. Other polls show that opposition to net neutrality is even higher.

4. The new regulations will stifle free speech.

Lee E. Goodman, former chairman and a current commissioner of the Federal Election Commission, said that a government takeover of the Internet will “chill” political speech.

“The government will regulate the content, and specifically the political content, that the American people can both post online to express their own political opinions, and the political content and information that people can access from the Internet,” said Mr. Goodman, who was appointed to the FEC in Y 2013 by US President Barack Hussein Obama.

5. The rule-making process was corrupted by the Obama White House.

Mr. Obama and White House staffers used back channel meetings to pressure Chairman Wheeler into creating the strongest possible net neutrality rules over the more moderate approach he originally intended. In this way, the Obama White House operated “like a parallel version of the FCC itself,” according to the WS-J.

6. The commission’s vote wasn’t transparent.

The new set of rules ushered in by Thursday’s 3-2 vote were not provided to the public for comment. Ahead of the vote, 1 of the agency’s 5 commissioners, Ajit Pai, tweeted a picture of the 317-pg plan that he was barred from showing the public. Even after the vote, the rules will not be published publicly for days.

7. The new rules will hurt the right to privacy, and further empower the federal government to spy on its citizens.

After Edward Snowden leaked the NSA’s secret PRISM surveillance program in Y 2013, it became clear that the federal government is interested in snooping around in the private affairs of its citizens. Now that the federal government controls the web, its ability to spy will only increase.

This contentious issue is headed to the courts now.

Have a terrific weekend.

HeffX-LTN

Paul Ebeling

 

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

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