Airlines, what have you. Theres two things that happen. Once a commission interests itself in a particular area, puts a sign out that says open for business, which is basically what we did when we did the open Internet Order, right . What happens . Firms realize, oh, i dont get to make money looking at customers and making investments, i make money by going to the regulators and getting them to favor me and disfavor others. The phrase economists use for this is rent seeking. And thats what it does, it opens up rent seeking. For 30 years we never had any complaints about interconnection. Since 2010 weve had a number of complaints. Why . Open for business. The second thing that happens, and this is, i think, the most dangerous part of it, is even though the commissioners may say, well, we want to limit how much we regulate, okay . That wont happen. They will be under constant pressure to expand the regulatory writ. And weve seen this happen now. Level iii, for example, in 2010 said lets
In this nation of ours we always believed and we believe in the American Dream that if you work hard and play by the rules you out to be able to do well that we live in an america where few work hard and play by the rules you will have mounting debt and stagnating wages. This is not the land of opportunity. This is growing to be the land of economic stagnation and being stuck and we believe in our country and we love our country in the thing we love about it is you can come here and make something of yourself and we are living in the days that no matter how hard you work thats getting more difficult every day. Aint that something to start a conversation about . Thats a conversation starter. [applause] we have to talk to the people out there. We have to talk to each other and we need to do it in a systematic way. We have got to do it in a fervent way. We have got to do it in a smart way and im telling you the wind is at our backs. You see the republicans the conservative side has a very
Negotiations. It might decide at the margin not to make certain last mile investments in its network. I guess another cost i add, i think i offered eight of them through the paper, i wont take you through eight now, but another one im worried about unraveling content agreements between content providers and i is sps. Netflix and comcast entered into an agreement. If netflix looks out the window and sees cogent or level three by regulatory assistance can get a better deal, then you would accept a voluntary agreement. Why is that upsetting . Theres something efficient about those doing a deal. It was cost in place where should be and do my put downward pressure on the price broadband access. If youre telling and isp youre telling and i speedily we can raise money is on the backs of its customers a can make money off transit, cant make money off service. Youre basically putting upward pricing pressure on access races for consumers. Let me go back to you. Say although more about, you are p
Whilek uninhibited providing a fast lane of service for a fee. This is 1. 5 hours. Thank you very much. I would like to ask the and wie willcome up get you micd up. I am not going to give long and deductions. You have the full bio with you. I will briefly introduce the panelists was they have a chance to sit down. This thing out here for a second. Just do this for second. Some of you may be very familiar with this. We have asked our good friend from the Carnegie Mellon in university to give us a 10 or 15 minutes sort of technical background on all of these terms and how they fit in and what the architecture is. It is a daunting task to do. Turn it over to john. Thank you. It over to john. Thank you. Thank you. I will tell you everything you need to know. The internet feels like one big network, when we use it. But, if that were the case there would be no such thing as interconnection. The actually the internet is a network of networks. There are in fact over 66,000 independent, Autonom