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I should probably add/clarify some stuff
I am far from qualified to express much opinion on this matter, yet so is everybody else. This is a whole bunch of unknown territory that even the industry insiders and analysts couldn't predict effects with a high level of accuracy. I've been wracking my mind trying to figure out this thing, yet I can't even get by one of the first steps (analogy). I don't know if a corporate monopoly of the internet would be like cable TV or like microsoft or Wall Street. I'm naturally very paranoid about these things, and the hypotheticals are all possible, yet most are not remotely probable.
What I do know for fact, however, is that corporate interests ARE NOT consumer interests, and if consumers benefit from corporations writing the rules it's associative at best. This doesn't mean that agencies like the FCC are better though. They've done a lot to fuck up communications where they have a ton of regulatory power.
I predict changes will be made towards tiered access not unlike TV, consumers will end up paying more collectively, and megacorps like google and comcast will become stronger. My worry stems much from the fact that it's hypothetically possible to be much, much worse. It is completely possible that google could get powerful enough that they basically own the internet; it's this kind of thing, but to lesser degrees, that I think would cause problems.
But no, it's not going away, changes will be made, but as to what degree are unknown, and they will be very, very slow.
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