The Internet Splits in Two

December 21st, 2010
in News, Background

The Daily Beast:  We are about to enter the age where there will be two classes of internet input:  the fast track for those that will pay for it and a slow wire for everyone else.  The Federal Communications Commission approved a set of net neutrality rules today, and nobody is happy. While liberals claim the FCC has caved to pressure from carriers, right-wingers are calling the new rules a government takeover of the Internet.

Follow up:

No matter what you think about the new rules, however, they signal an important turning point in the development of the Internet. We are going from Phase One, where everything is free and open and untamed, into Phase Two, which is all about centralization, consolidation, control—and money.

Because don’t kid yourself. Money is driving all of this. As in: Hey, we’ve created this marvelous new platform for communicating with each other. We’ve demonstrated that very large sums of money can be generated by sending stuff over these wires. Now let’s figure out who gets what.

Today’s new FCC rules grant two big concessions to carriers. First, the rules will apply to wired broadband connections, but they will pretty much leave wireless alone. Second, carriers remain free to create “fast lanes” on the Internet. They can charge Internet companies to ride on the faster pipes, and perhaps also charge consumers more money to get access to those speedy services.  Read more......

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved