There are numerous examples of government interference and regulations destroying innovation. The car industry, train travel, and a litany of manufacturing now done overseas. With this in mind, Reagan made his famous joke: “I am from the government, and I am here to help.”
Now this helping hand to the grave of innovation and production is reaching for the internet. Net neutrality will make all in the industry stand on equal ground. This means that innovation must be shared. So this is nothing more than socialism for the Internet industry. And like all socialist programs, it will make them all equal; equally inept.
And this decision has been upheld by the courts.
On Tuesday, the D.C. Circuit Court of Appeals handed down a 2-1 decision upholding the 2015 Federal Communications Commission (FCC) decision to impose “Net Neutrality” on Internet service providers, treating the Internet like a public utility.
The controversial policy was enacted last year, much to the delight of Google, of left-wing activists in Silicon Valley, and of their White House allies. It was a reversal of FCC chair Tom Wheeler’s stance, and was carried out with little transparency.
Many warn that this will have adverse effects on the growth of the net and believe that government interference will do as it always does. It will deter rather than encourage innovation and discovery. If you have to share all your secrets with your competitor why invest the capital into research. It will yield no advantage nor return in profits.
Petitioner Daniel Berninger, who had appealed the case to the D.C. Circuit, warned that Tuesday’s decision could have dire consequences for entrepreneurship. “Today’s decision is a huge step backward for the continued evolution of the internet that consumers enjoy today … This convoluted legal opinion ignores the reality that the internet prospered for 20 years without FCC policy intrusions. The rules upheld today essentially render new innovations for consumers and businesses that otherwise could have come to market dead on arrival.”
It is funny that the one place that is consistently holding the government’s feet to the fire is the one place they are seeking to destroy. Imagine that.