Thursday, February 24, 2011

Let's Not Forget About the Net Neutrality Battle

The FCC, Net Neutrality and the Future Enrons of the Internet. (Truthdig, 2/24/2011)

Excerpt:    Philosophically, Walden and the ISPs pushing for deregulation are following in the footsteps of Enron, Lehman Brothers, Bear Stearns, Citigroup, JPMorgan and the rest of the modern financial services industry.

Enron, the disgraced and defunct energy trading firm, lobbied for the deregulation of the U.S. energy market, and argued that the company should be allowed to enter into private agreements to sell energy and create complex derivatives based on speculative investment positions.

Similarly, Wall Street firms demanded and were granted unlimited freedom to create unregulated private contracts which evolved into “toxic assets,” including collateralized debt obligations and credit default swaps, which nearly destroyed the global economy in 2008.

Now, the ISPs are demanding the right to enter into private agreements with anyone who connects to the Internet, from any location in the world, on any pipeline. These private agreements would not only apply to the direct customers of the ISPs, but would include any parties identified by the ISPs as special users. The agreements could also allow ISPs to slow or block data traffic that the providers deemed to be burdensome or unacceptable

Related articles:
Google-Verizon proposal pumps up the net neutrality debate.  (8/12/2010)
Are net neutrality opponents makin' stuff up?  (4/26/2010)

Is net neutrality dead?  (4/7/2010)
Net Neutrality:  The Opposition Gathers Force.  (10/19/2009)
Shining a Light on Anti-Neutrality Research.  (10/15/2009)
Net Neutrality:  The Goliaths are not amused.  (9/22/2009)

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