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Open Letter to FCC Chairman Powell
Adina Levin writes "An open letter to FCC chairman Michael Powell signed by internet and tech industry pioneers explains why the government shouldn't prop up the ailing telecom behemoths. Telecom companies bought expensive network technology with long bonds. That technology has been made obsolete by gear getting faster and cheaper all the time by Moore's law and Metcalfe's law. The telecom companies are asking for the equivalent of a bailout for their investments in sailing ships after the advent of steam. The way to speed the deployment of broadband to homes isn't to prop up businesses based on old technology, but to let uncompetitive businesses 'fail fast', and let new competitors play."
It's simple we should just pass a law that no business can go out of business, then no one will ever lose their job. And then the 40% we hand over to our respective governments can go for something good, like bailing out the company we work for. Wait why don't we all just start our own companies and when it fails the money we paid ourselves for doing nothing, we can give to the government to bail us out. What was I thinking!? Instead of that why don't we just work for the government! It just gets simpler and simpler.