3 ISPs Have Spent $572 Million To Kill Net Neutrality Since 2008 (dslreports.com)
An anonymous reader quotes a report from DSLReports: A study by Maplight indicates that for every one comment submitted to the FCC on net neutrality (and there have been roughly 5 million so far), the telecom industry has spent $100 in lobbying to crush the open internet. The group found that Comcast, AT&T, Verizon and the National Cable & Telecommunications Association (NCTA) have spent $572 million on attempts to influence the FCC and other government agencies since 2008. "The FCC's decision, slated to be announced later this summer, will be a clear indicator of the power of corporate cash in a Trump administration," notes the report. "Public sentiment is on the side of keeping the Obama administration's net neutrality policies, which prevented internet companies from blocking, slowing or giving priority to different websites." Congressional lobbying forms indicate that Comcast alone has spent nearly $4 million on lobbying Congress on net neutrality issues from the end of 2014 through the first quarter of 2017.
For me, what I find most interesting is the amount of attention at least two of those entities have paid to trying to convince people that they're not for gutting the rules, yet are waging huge campaigns with their own money to do exactly that.
Sarbonn's blog: http://www.sarbonn.com/blog
First is that being a mega ISP is certainly a profitable business.
Second is that we really need better regulations of that business because that is money which should have been more difficult for them to spend. ie, Economically speaking there should have been a place within the business where that money would have had a much higher return on investment. eg Competitive infrastructure upgrades, R&D, etc. Lobbying/bribing is a poor investment in a competitive environment. Therefore, the environment isn't competitive enough.