In this episode of What’s Ahead, we delve into President Biden’s recent socialist attack on the American economy. Powerful government agencies have been infiltrated by modern socialists who have realized that they can wield control over the economy through a myriad of regulations rather than outright government ownership. This new breed of Marxists is now setting their sights on regulating the internet, the biggest prize of them all. The Federal Communications Commission (FCC) has classified internet providers as common carriers, subjecting them to regulations akin to those of traditional telephone companies. This move gives the FCC the power to dictate pricing, investment decisions, and labor policies to internet providers.
These regulations, known as net neutrality, were in place during the Obama administration and yielded negative results. However, the Trump administration repealed net neutrality, leading to increased investment, lower wireless prices, and greater access to high-speed internet. Despite these positive outcomes, President Biden is now seeking to reinstate net neutrality amidst a rapidly evolving technological landscape. This move has been met with approval from Beijing and Moscow.
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