The longer you look at regulatory policy in this country, the more you run into special interests looking out for their own personal payoffs. But seriously, I feel like terrestrial broadcasters are the worst of all when it comes to acting entitled. Waah waah we’re big fat socialists and we don’t want to have to pay the people who made the stuff we’re broadcasting. Meanwhile, Waah waah we want to restrict competition amongst ourselves to retransmit our broadcasts on cable.
Virtually every company, every industry I write about in this space goes around lobbying in DC for some advantage. But nobody gets so many special protections and is so rabid in protecting them at any cost, as terrestrial broadcasters. At some point, small government folks are going to have to smash this racket.
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If you want an explanation of the ‘Heartbleed’ bug in the news, Francis Cianfrocca gives a good explanation in Coffee and Markets. But more important is his point about NSA. He always speaks carefully about that organization, but in his roundabout way he made an excellent point: NSA has a dual mandate. NSA’s job is both to break into enemy communications, and to protect our communications. The Heartbleed bug is so devastating that if they knew about it, they’d have to work to protect us from it, before someone else could use it against us. That’s how bad it is. There’s no way they knew about it a year.
If you don’t like that businesses hire lobbyists, shrink government and quit picking winners and losers so they don’t have to.
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I talk about anarchists often in this space, but I mean it. These people are a threat. Here’s one cell making threats and demanding $3 billion from Google in blackmail.
And that’s why it’s so incredibly insane that the US Government keeps playing blame the victim with these guys, as in the Wyndham case. It’s going to be up to the Congress to reel in the FTC on this.
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