Telco Industry Is Prepared For Telco Reform: It Has Hundreds Of Former Gov't Officials Ready To Write The Laws

from the this-is-called-regulatory-capture dept

Want to see how regulatory capture works in action? Congress is apparently gearing up to start the massive process of reforming telecom/broadband laws later this week, and the communications companies are ready for it. A recent report shows that the big telcos/broadband companies have not only spent big on lobbying the government, they’re hiring a ton of ex-government employees, including eighteen former members of Congress, to act as lobbyists. A full 72% of telco lobbyists are former employees of the federal government, including the two top (former) staffers to Sen. Jay Rockefeller, who is the chair of the Senate Committee on Commerce, Science & Transportation, who will have a role in telco reform. Is it really any wonder that telcos are now saying they may be fine with “net neutrality” regulations? They know that they’ll craft the legislation themselves, so it will benefit them.

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Comments on “Telco Industry Is Prepared For Telco Reform: It Has Hundreds Of Former Gov't Officials Ready To Write The Laws”

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22 Comments
Anonymous Coward says:

i suppose you think it would be better if they hired garbage men and undergrads, right? when i want my car fixed, i take it to a mechanic, not a flower shop. when i want telcom laws to be pushed for, i dont hire a mechanic, i hire someone who knows how to push.

for a smart guy mike you sure are dense at times.

L says:

I hate to admit but the telcos are doing a better job than the people.

Is not they have more resources, is that they are better organized and very focused on what they want, luckily people have some powerful corporate allies.

It was going to need legislation and this is a defining moment, free market doesn’t do the job because those companies are able to root out the competition so there will be no competition while there is “exclusive contracts” to be made.

vastrightwing (profile) says:

Why the telecom industry loves regulation

They love it because it keeps everyone out except the few who are already there. And of course, the ones writing the regulations are the ones who will benefit most from them. Yep, this all makes perfect sense. I just hope they aren’t too tough on the consumers. We are the ones who end up paying for this “regulation”.

Contemplationist (user link) says:

Indeed!

Is it really any wonder that telcos are now saying they may be fine with “net neutrality” regulations? They know that they’ll craft the legislation themselves, so it will benefit them.

Exactly, and yet people like you and others continue indefinitely to push for more regulation and “net neutrality.” Whatever problems you can possibly imagine, I assure you a LOT LOT WORSE problems will be created if such legislation is ever enacted, or regulations ever created due to regulatory capture among other things.

So, lets layoff the net neutrality BS shall we? Lets try to push for freeing up more spectrum so that different networks can be established, and compete with physical-cable-based broadband. Lets have network competition. Lets be patient. Lets NOT push for regulatory-legislative “solutions”

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