Alt-Coin Trader

The End of The Internet as we Know It


On Sunday, the Washington Post reported that the Federal Communications Commission is expected to abandon its pledges to protect Net Neutrality and to ensure universal, affordable broadband. The story cites anonymous insiders confirming that FCC Chairman Julius Genachowski is "leaning toward" siding with the most powerful phone and cable lobbyists on a crucial decision: whether the FCC will have any authority to protect an open Internet and make it available to all.

It is a testament to the phone and cable industry's overwhelming influence that they seem to have convinced the nation's communications agency to swear off authority to protect Americans' right to open communications. But it is stunning that Genachowski would even contemplate allowing it to stand, given President Obama's repeated pledge to ensure fast, affordable, universal Internet broadband for every American.

So what's going on here?


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