Finance Geek

The Federal Communications Commission(FCC) announced that it plans to force internet providers to treat all web traffic equally, neither favoring their own services over others nor throttling applications that hog bandwidth.
What is the legal principle behind this policy? What is the political principle behind this policy? What is the economic principle behind this policy? And what would happen to our country if these principles were broadly applied across the entire economy?
The creation of the FCC was justified by the view that the airwaves were a scarce public resource, and hence needed to…

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This entry was posted on Sunday, September 20th, 2009 at 4:44 pm and is filed under RealClearMarkets. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.