The net neutrality zealots are telling us we have just 60 days to save the internet from destruction by the free market. Left-wing zealots always think the free market is going to destroy the world. Actually, the free market can be quite destructive — of liberal predictions of doom and gloom, that is.
The 60 days to save the internet is the 60-day clock that started ticking last Thursday with the FCC’s announcement of its net neutrality repeal. Leftists say it’s over if we don’t stop the clock on ending net neutrality. Fortune magazine declared that net neutrality supporters now have “60 days to save the web as we know it.” I thought Fortune was a preeminent market observer. Guess I was wrong.
The market for high-speed internet didn’t get the message Fortune and other left-wing dogmatists are sending.
The same day the FCC issued its repeal, SpaceX launched test satellites for Starlink, a global broadband network envisioned by SpaceX founder Elon Musk.
The day before that, Dish Network (DISH) told the SEC in its 10K filing that it plans to commit $1 billion to build out an ultra-high-speed 5G wireless network over the next three years.
The day before that, AT&T (T) announced plans to roll out its 5G network in Dallas, Waco, Texas, and Atlanta this year. By the end of the year, it plans to have 5G in a dozen markets. Verizon also plans to start rolling out its 5G network this year.
For those who don’t know, 5G wireless is about 50 times faster than the average home broadband network today. And because it’s wireless, providers won’t have to dig trenches and lay cable to sign up customers.
That means there will be more competition for internet access than there is today, and at speeds that make today’s broadband look like dial-up.
With more competition for customers, ISPs won’t “block, slow down, or charge more for certain content as they see fit” as net neutrality zealots claim. More likely, they will be in a frantic race to provide the fastest, most comprehensive, and most reliable service around.
That is, after all, how the internet worked before net neutrality. Between 2011 and 2014, average internet speeds tripled.
How sad, the internet just won’t be the same without Obama’s precious net neutrality rules. It will be a whole lot better!