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Net neutrality to produce broadband shortage?

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From Yahoo:

WASHINGTON, June 15, 2016 /PRNewswire-USNewswire/ — “Allowing the FCC to rule the Internet like a public utility under Title II of the 1934 Communications Act will do nothing but produce a broadband shortage,” said George Gilder, bestselling technology author and Discovery Institute senior fellow.

“This just creates new incentives for broadband providers to divert investment into advertising and content platforms or other countries,” Gilder added.

By a 2-1 vote the U.S. Court of Appeals for the D.C. Circuit has upheld the net neutrality rules adopted by the Federal Communications Commission in 2015. More.

This much I know is true: Bureaucrats can administer a shortage of goods and services just as easily as a surplus but businesses in free competition benefit from creating more goods and services.

Also, the original reason for government oversight of communications included the need to get everyone on the telephone or television system swiftly, for obvious public health and safety reasons. These laudable goals are irrelevant to a government power grab in the age of the cell and the handheld. – O’Leary for News

See also: Five things to know about Net neutrality

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Ah, the law of unintended consequences. If only they could pass a law against it. Or regulations. And tax it. Mung

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