Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Crony Capitalists Strike Again
Townhall ^ | 4/26/15 | Bruce Bialosky

Posted on 04/26/2015 3:52:30 AM PDT by markomalley

There are not many things mainstream Republicans have in common with Elizabeth Warren leftists other than their mutual disdain for crony capitalism. The main difference here is that the Left mistakenly believes that these people who feed at the trough of government are actually Republicans. The Left beds down politically with these affluent bloodsuckers while they live in disdain of the Koch Brothers who take no government support. These crony capitalists have struck again and this time they will live to regret it.

The issue that duped these supposed capitalists was what has been branded as “net neutrality.” This is another term of the left where they have cast the matter in bucolic terms. After all, they call themselves “progressives.” I have said repeatedly that the only thing they are progressive about is progressively restricting your rights and progressively taking more of your hard-earned money for the government.

We all know the internet has worked fairly well unimpeded by government corruption. Anything that allows people vast amounts of freedom eventually is characterized as needing “supervision.” The control freaks have made many advances at limiting the freedom of the internet through either taxing activities or contrived control of the flow of information. The biggest effort came from the naïve supporters of “net neutrality.”

One of the biggest cheerleaders has been Reed Hastings, founder and CEO of Netflix. I was one of the earliest subscribers to Netflix and have written passionately and positively about the service. But the service has changed in the last few years as they have pushed more of the product through streaming which goes through the systems of other companies that Hastings does not pay for nor does he wish to do so. It has been estimated that a third of the cable companies’ capacity is being consumed by Netflix streaming. Hastings may be a smart businessman, but, as is often the case, he and some of his follow supporters of “net neutrality” are just stupid about how government works especially once it gets its hands on a new revenue source which can be controlled by them and litigated by their attorney glad-handers.

Hastings was not the only shill for the control freaks who wanted to get their paws on the internet. Eric Schmidt, CEO of Google, and David Karp, CEO of Tumblr, fell into the trap. Apparently, Karp in a meeting at the White House demanded of President Obama that he apply rules to the internet that were set up for telephone companies a century ago. Karp, an insipid 28 year old, was either not around or in diapers when Ma Bell ruled the country and innovation was stifled by the Federal Communications Commission (FCC). If those rules were still in place, Karp would be driving a pick-up truck instead of being worth over $200 million. Obama and his statist friends love leading sheep like Karp to slaughter.

Obama could not get Congress to change any rules regarding the internet because, despite Republicans being pro-business, most of the current crop has a huge dislike for crony capitalism and they believe the internet is working quite well without federal intervention. Some Republican governors have favored being able to collect sales taxes on internet sales, but Republicans know what happens when the Left gets its hands on an industry. Look what they are doing to the banking industry and medical device companies. Republicans also know what communications were like before when the FCC controlled the phone companies. Obama found his likely path by going back to the FCC to please these capitalist foils.

The FCC, with new chair Tom Wheeler fully in charge, saw an opening to propel the urgings of these supposed capitalists into a takeover of the internet. Their 332-page document was never shown to the public or the press before it was voted in force by a 3-2 partisan margin. Despite the requirement of public disclosure, they hid the contents until two weeks after passing the bill. God knows if the final document was even what was voted into law. The best (or worst) part was the adoring crowd in the room when the announcement was made cheering the vote. The fools were cheering on something they had no idea what they were supporting. That is the power of naming something in an Orwellian manner like “net neutrality.” They will always find saps that will support them. It is akin to the boobs on Jay Leno’s Jaywalking or Jimmy Kimmel’s Lie Witness News. You can always find useful fools to support your cause.

After the vote the crony capitalist useful fools began a retreat. First, it was Schmidt who begged off support. A week after the passing (and still prior to its formal release) Hastings sent out his Chief Financial Officer, David Wells, to recant their position. Wells stated “Were we pleased it pushed to Title II? Probably not. We were hoping there might be a nonregulated solution.” Karp went on CNBC and stated he did not “entirely understand” the internet-service market. Too late, you dolt. The rest of us have to suffer for your callowness and can only pray a Republican is elected President in two years to turn this around or a court rules the FCC overstepped its authority.

When will capitalists stop trying to line their pockets through the largesse of the government? Certainly some government/business cooperation is needed, but it stops there. Obama has been a master of playing off these greedy capitalists who think they can control factors if they are at the table as opposed to fighting the expansion of government control. Playing footsie with the Left never works over time. Hastings, Schmidt, and Karp are already regretting their foolhardiness. The rest of us will end up suffering.


TOPICS: Business/Economy; Editorial; Government
KEYWORDS:
Big business cooperating with government is the norm and additional government regulations really doesn't bother big businesses in general. The reason being that additional regulation presents a huge barrier for competition to enter the marketplace. In the meantime, existing businesses in the marketplace can simply pass the additional cost of regulation on to the consumer.
1 posted on 04/26/2015 3:52:30 AM PDT by markomalley
[ Post Reply | Private Reply | View Replies]

To: markomalley
Republicans also know what communications were like before when the FCC controlled the phone companies.

We do. Black, corded telephones and $5 for a 5 minute call across the country.

The liberals warned us what would happen with deregulation. Things would only get worse.

Now we have the internet, smartphones, streaming movies and cross-country phone calls cost pennies. We have far too many decisions. We should have listened to the stick-in-the-mud progressives.

2 posted on 04/26/2015 4:03:45 AM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
[ Post Reply | Private Reply | To 1 | View Replies]

To: markomalley

The left calls capitalism, “fascism” yet can’t accept the fact that its exactly what they are trying to create through control of private business.

They point to particular businessmen who accepted nazism and did well in nazi Germany but don’t want to question what happened to those businessmen who didn’t fall into line.

Its actually a quiet background storyline going on in the Schindler’s list movie that few seem to have picked up on.


3 posted on 04/26/2015 4:06:11 AM PDT by cripplecreek ("For by wise guidance you can wage your war")
[ Post Reply | Private Reply | To 1 | View Replies]

To: St_Thomas_Aquinas

They are great at reinventing themselves with a new name progressive is still a socilaist, communist, facist.


4 posted on 04/26/2015 4:08:37 AM PDT by ronnie raygun (Empty head empty suit = arrogant little bastard)
[ Post Reply | Private Reply | To 2 | View Replies]

To: ronnie raygun

This kid is spectacular at dismantling the fantasy that fascism is a right wing free market idea. His accent (Scotts) is pretty hard to understand but his logic is undeniable.

https://www.youtube.com/watch?v=eeCTkwtmk_4


5 posted on 04/26/2015 4:16:29 AM PDT by cripplecreek ("For by wise guidance you can wage your war")
[ Post Reply | Private Reply | To 4 | View Replies]

To: cripplecreek

Read through any company HR employee handbook. Virtually every major American corporation today is a mini- fascist policy state that mirrors what the left is pushing.


6 posted on 04/26/2015 4:16:59 AM PDT by TADSLOS (A Ted Cruz Happy Warrior! GO TED!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: TADSLOS

Non compliance results in slow death by a thousand cuts. Compliance is rewarded through the elimination of competition.


7 posted on 04/26/2015 4:19:46 AM PDT by cripplecreek ("For by wise guidance you can wage your war")
[ Post Reply | Private Reply | To 6 | View Replies]

To: St_Thomas_Aquinas
[i]"We do. Black, corded telephones and $5 for a 5 minute call across the country."[/i]

Black, corded telephones that you were required to pay a monthly rental fee, and you were not allowed to connect unauthorized equipment to the network.

Those were the good old days...

8 posted on 04/26/2015 4:22:43 AM PDT by DJ Frisat (Proudly providing the NSA with provocative textual content since 1995!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: cripplecreek

What a smart young man.


9 posted on 04/26/2015 4:57:56 AM PDT by gattaca (Republicans believe every day is July 4, democrats believe every day is April 15. Ronald Reagan)
[ Post Reply | Private Reply | To 5 | View Replies]

To: markomalley
Hastings, Schmidt, and Karp are already regretting their foolhardiness. The rest of us will end up suffering.

Forest Gump reigns.

10 posted on 04/26/2015 5:28:12 AM PDT by VRW Conspirator (American Jobs for American Workers)
[ Post Reply | Private Reply | To 1 | View Replies]

To: markomalley

Good article. Thanks for posting.


11 posted on 04/26/2015 5:48:39 AM PDT by SharpRightTurn (White, black, and red all over--America's affirmative action, metrosexual president.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: St_Thomas_Aquinas
Black, corded telephones and $5 for a 5 minute call across the country.

That was when the phone companies were regulated. I remember Ma Bell and the crony regulations she was under.

/johnny

12 posted on 04/26/2015 5:49:06 AM PDT by JRandomFreeper (gone Galt)
[ Post Reply | Private Reply | To 2 | View Replies]

To: markomalley
. But the service has changed in the last few years as they have pushed more of the product through streaming which goes through the systems of other companies that Hastings does not pay for nor does he wish to do so.

But his customers have paid for it. If the ISPs don't like their paying customers actually using their service, then go back to a clearly specified and tracked charge for usage. But charge the same amout and give the same bandwidth whether they watch movies on Netflix, Hulu, Amazon, Youtube or the ISP's internal video service. I would like a real net neuteality, not the thinly veiled excuse to tax and regulate that the FCC recently shoved through.

13 posted on 04/26/2015 6:09:14 AM PDT by KarlInOhio (Darth Obama on 529 plans: I am altering the deal. Pray I don't alter it any further.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: markomalley

Too late. You have many conservatives right here on FR arguing for big government ... when it suits them for their own narrow purposes. And of course liberals are ends-justify-the-means all the way.

People cannot think farther than their own noses. Almost nobody looks at core underlying principles on which the country was formed, especially if their own narrow interest has to take a back seat.


14 posted on 04/26/2015 6:33:54 AM PDT by Lorianne (fed pork, bailouts, gone taxmoney)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ronnie raygun
They are great at reinventing themselves with a new name progressive is still a socilaist, communist, facist.

They call it progress, but they don’t say where it is going.   –Faulkner

15 posted on 04/26/2015 6:39:02 AM PDT by SeeSharp
[ Post Reply | Private Reply | To 4 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson