President Biden’s recent actions have brought a renewed focus on the American economy, specifically his latest socialist attack. The new administration has filled powerful government agencies with modern socialists who believe they can control the economy through extensive regulations. These individuals are now targeting the internet, which they see as the ultimate prize.
The Federal Communications Commission (FCC) has recently reclassified internet providers as common carriers, allowing them to be regulated in a similar manner to old telephone companies. This gives the FCC significant control over pricing, investment decisions, and labor policies within the industry. However, this regulation, known as net neutrality, has been controversial in the past. During the Obama administration, it was briefly enforced with negative consequences, while the Trump administration abolished it and saw increased investment, lower wireless prices and improved access to high-speed internet. Now President Biden’s administration is looking to reintroduce these regulations once again.
This move is being welcomed by countries like Beijing and Moscow who see it as an opportunity to gain more control over global internet traffic. The move is also hindering progress in a time of rapid technological advancement where innovation is crucial for economic growth. It remains to be seen how successful this attempt will be and what impact it will have on businesses and consumers alike.
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