Regulators: Hands Off Broadband
Regulators should maintain a “light touch” approach with regards to the broadband Internet industry, according to Jack Otero, a former member of the AFL-CIO Executive Council and past national president of the AFL-CIO’s Labor Council for Latin American Advancement. In an opinion-editorial for The Des Moines Register, Mr. Otero explains the dangers of throwing a “regulatory grenade” into the broadband market.
The broadband Internet market today has been largely free of government interference and has thrived as a result.
The United States is one of the most wired nations in the world, with more than 95 percent of households able to access to at least one broadband provider. It’s affordable, too: many monthly packages start as low as $15.
Improving consumer choice with regards to service providers and steadily increasing speeds show that the broadband market is vibrant and competitive.
In the last four years, Internet service providers have invested over $250 billion in their networks and infrastructure, leading to the creation of roughly half a million jobs.
Mr. Otero says that successful industries like broadband grow, create jobs and deliver consumer benefits with minimal rules. He advises leaders need to let flourish those markets that are working.
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