I thanked Rand Paul for his Internet Rights efforts lately. He replied.

Re:I thanked Rand Paul for his Internet Rights efforts latel... by waffle_ss on Friday May 17, 2013 @09:59AM (#5724344)

Actually yes, regulation also gives favored status to corporations. For example, the "Big Three" credit rating agencies who were given the federal gov't's blessed "NRSRO" status, who controlled 95% of the market share on credit ratings and who ended up being a a major cause of the 2008 bank failure due to their malfeasance in rating debt.

Another example is Bell Systems("Ma Bell")'s stifling of innovation as they held a government-sanctioned monopoly over telephone service via the Communications Act of 1934. Ma Bell would have had no reason to build you an iPhone as they had the market cornered.

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Re:I thanked Rand Paul for his Internet Rights efforts latel... by threeseed on Friday May 17, 2013 @10:28AM (#5724526)

You do know that 5 year olds can understand this, right ?

REGULATION = GOOD REGULATION + BAD REGULATION

Arguing against "regulation" means arguing against the good and the bad. Which is the height of stupidity since you're effectively arguing for companies to do whatever they want, whenever they want with zero consideration of anybody else.

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Re:I thanked Rand Paul for his Internet Rights efforts latel... by ebbv on Friday May 17, 2013 @10:05AM (#5724383)

As I said, some regulation is bad just like some criminal laws are bad.

Just because there's been bad regulation doesn't mean you get rid of all of it, just like you wouldn't get rid of all criminal laws just because the system has been abused in the past.

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