Telco Industry Is Prepared For Telco Reform: It Has Hundreds Of Former Gov't Officials Ready To Write The Laws
from the this-is-called-regulatory-capture dept
Want to see how regulatory capture works in action? Congress is apparently gearing up to start the massive process of reforming telecom/broadband laws later this week, and the communications companies are ready for it. A recent report shows that the big telcos/broadband companies have not only spent big on lobbying the government, they're hiring a ton of ex-government employees, including eighteen former members of Congress, to act as lobbyists. A full 72% of telco lobbyists are former employees of the federal government, including the two top (former) staffers to Sen. Jay Rockefeller, who is the chair of the Senate Committee on Commerce, Science & Transportation, who will have a role in telco reform. Is it really any wonder that telcos are now saying they may be fine with "net neutrality" regulations? They know that they'll craft the legislation themselves, so it will benefit them.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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Filed Under: lobbyists, regulatory capture, telco reform
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this is what happens when
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for a smart guy mike you sure are dense at times.
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I'd rather entrust the government of the United States to the first 400 people listed in the Boston telephone directory than to the faculty of Harvard University.
--Wm. F. Buckley, Jr.
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lowercase coward thinks he is smart ....
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isnt this how hte maffia works?
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Well said Mr. Buckley,
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better than the RIAA
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the problem remains that everything that makes the networks competitive will be taken OUT of this proposed Net neutrality.
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Is not they have more resources, is that they are better organized and very focused on what they want, luckily people have some powerful corporate allies.
It was going to need legislation and this is a defining moment, free market doesn't do the job because those companies are able to root out the competition so there will be no competition while there is "exclusive contracts" to be made.
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A few questions...
What will they do so as not to throttle the network?
How will they make AT&T allow others to compete on the network?
These are the very questions that I'm sure they'll make sure to avoid.
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1.he hates gays/lesbians
2.thinks global warming is a plot of the liberals
3.supports business over human beings
4.thinks obama wants to turn us into a socialist goverment
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Why the telecom industry loves regulation
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Why bother..
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Indeed!
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