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Disbanding regulations when companies are that much dug in to a market where there can't reasonably be any competition speaks of extremely anti-taxpayer corpora
by beezischillin 8y ago
Disbanding regulations when companies are that much dug in to a market where there can't reasonably be any competition speaks of extremely anti-taxpayer corporatism, especially when these companies are receiving tax money from the government. I'm leaning towards thinking that the FCC is due some sort of investigation into its activities...
I'm usually not a fan of regulation but it really needs to be said that when huge companies that are often bigger than a lot of the world's government basically come to own huge chunks of critical infrastructure, what other bargaining chip does the average tax payer have to have their interests represented?
That being said, the article mentioning that Verizon is cutting 10k people from its media arm is disingenuous. It has nothing to do with net neutrality, it's a case of large companies misjudging the market for VP-funded, artificially grown blog companies. It has nothing to do with anyone's infrastructure. A multi-national with multiple arms in multiple lines of business will make decisions independent of its own arms and dependent on the market.