Monday, February 17, 2014
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America's Problem: The 25%
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Energy, Climate & Environment
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Monstrous Potential
If the news of the potential merger of Comcast and Time Warner Cable didn't have you angry last week - regardless of whether you receive any service from either corporation - it should.
To say the resulting union would simply be an ugly little monster reaching for your wallet would be like saying King Kong was just a little misunderstood monkey. This disastrous merger would actually be more like the 1976 movie "Network", come to life in a terrifying new way.
The cable and telecom oligopoly in the United States is already a perfect example of how modern so-called conservatism is just another smokescreen for the corporatocracy of Wall Street. As Pulitzer Prize-winning journalist David Cay Johnston noted in his 2012 book, "The Fine Print" our cable and telecom companies have carefully worked around the law to make sure they don't truly have to compete with one another.
On the rare occasion when someone like the city of Chattanooga decides to buck that trend, and create real competition - as they did in 2006 - the private sector can't keep up - so they try to win in court. Thankfully, for Chattanooga, Comcast failed in their attempts to shut that whole thing down.
Sadly, Comcast, Time Warner, and the other telecom companies have broadly succeeded in their goal to prevent real competition across America. As a result, America has some of the slowest internet speeds in the developed world, at some of the highest prices.
John Cassidy wrote last week in The New Yorker, "It's the predictable outcome of Congress bowing to the monopolists, or quasi-monopolists, and allowing them to squelch potential competitors." In other words, this monster corporate baby grabbing at our wallets and purses isn't some kind of rare accident...
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And now, for your Daily Felltoon preview for February 17, 2014

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Here It Is! Your HuskerNutz Preview for February 17, 2014

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