Thursday, December 23, 2010

Who'll Really Benefit from Net Neutrality Regulation?

Back in 1913, President Woodrow Wilson noted: "If the government is to tell big business men how to run their business, then don't you see that big business men have to get closer to the government even than they are now? Don't you see that they must capture the government, in order not to be restrained too much by it?"

In other words, all the wishful thinking in the world isn't going to change the fact that any government agency or process big enough to control a major sector of our economy will be prone to influence by those most affected by it. ..
These men understood that consumer welfare was better served by innovative, competitive markets than by captured regulators, who talked a big game about serving "the public interest" but who were typically busy stifling innovation and market entry.

So where are "these men" who can understand that this also holds true for health care, especially the new ACO's, insurance and pharmaceutical companies, etc.

Read more in "Who'll Really Benefit from Net Neutrality Regulation?" by by Adam Thierer, senior research fellow at the Mercatus Center at George Mason University.

HT Paul Hsieh on FB.


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