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FCC Effort to Regulate Internet Ignores History of Past Failures

FCC Effort to Regulate Internet Ignores History of Past Failures

By Scott Wallsten

Published in The Conversation on February 24, 2015

Federal Communications Commission (FCC) chairman Tom Wheeler claims that his plan to regulate Internet Service Providers (ISPs) under Title II of the 1934 Telecommunications Act is “rooted in long-standing regulatory principles.”

That’s not necessarily a good thing.

While the specifics differ by industry, economics research over the past half century has consistently found Title II-style regulation to be inefficient, harmful to innovation and, therefore, costly to society.

Read more: http://theconversation.com/fcc-effort-to-regulate-internet-ignores-history-of-past-failures-37953

The Technology Policy Institute

The Technology Policy Institute is a non-profit research and educational organization that focuses on the economics of innovation, technological change, and related regulation in the United States and around the world. More information is available at https://techpolicyinstitute.org/.

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