Technology

58072 readers

3061 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

505

Appeals court halts return of net neutrality | The Sixth Circuit’s temporary stay comes only weeks after the Supreme Court overturned Chevron deference, weakening the FCC (www.theverge.com)

submitted 2 months ago by [email protected] to c/[email protected]

70 comments fedilink hide all child comments

A federal appeals court has agreed to halt the reinstatement of net neutrality rules until August 5th, while the court considers whether more permanent action is justified.

It’s the latest setback in a long back and forth on net neutrality — the principle that internet service providers (ISPs) should not be able to block or throttle internet traffic in a discriminatory manner.

The current FCC, which has three Democratic and two Republican commissioners, voted in April to bring back net neutrality. The 3–2 vote was divided along party lines.

Broadband providers have since challenged the FCC’s action, which is potentially more vulnerable after the Supreme Court’s recent decision to strike down Chevron deference — a legal doctrine that instructed courts to defer to an agency’s expert decisions except in a very narrow range of circumstances.

Bloomberg Intelligence analyst Matt Schettenhelm said in a report prior to the court’s ruling that he doesn’t expect the FCC to prevail in court, in large part due to the demise of Chevron.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 60 points 2 months ago (2 children)

That's part of the issue with free markets. There's a missing part to the term that most people drop for some reason, and that would be 'competition'. Competition doesn't last very long before there are winners and losers. When it comes to the economy, that means the winner is the largest company and the losers are the companies that were bought or shut down. The end game of free market competition is monopoly. The only reason the competition doesn't end is because of government regulation to facilitate and uphold capitalist free markets.

[–] [email protected] 35 points 2 months ago* (last edited 2 months ago) (1 children)

Yeah this is exactly what free market lunatics on the right don’t understand. Monopoly isn’t a free market. Free markets simply cannot exist without regulation to prevent unfair business practices.

Also any reasonable economist can tell you that the free market does not solve issues like the tragedy of the commons, because negative externalities are not factored in. It is also the government’s job to ‘internalize’ externalities so companies actually see the costs of, for example, polluting our air and water.

TLDR: free market != unregulated market

[–] [email protected] 19 points 2 months ago

I respect your reasoning, though I disagree about free markets being better than a democratically managed economy. I think free markets are inherently oppositional to a cooperative society, and that the myth of the commons was invented as a justification for capitalism.

[–] [email protected] 10 points 2 months ago (1 children)

The only reason the competition doesn’t end is because of government regulation to facilitate and uphold capitalist free markets.

A.K.A. what Adam Smith was really talking about when he mentioned the "invisible hand" (contrary to what the laissez-faire cargo-cultists think).

[–] [email protected] 5 points 1 month ago

what Adam Smith was really talking about when he mentioned the "invisible hand"

today, I got a clarified/alternate point of view. today was a good day. thank you, internet friend.