[governance] The Gilder Friday Letter #Net Neutrality

Fri Sep 13 16:12:29 EDT 2013

A recording of the arguments are available - it's a good listen!

See http://isoc-ny.org/p2/5915

On Fri, Sep 13, 2013 at 3:50 PM, Salanieta Tamanikaiwaimaro <
salanieta.tamanikaiwaimaro at gmail.com> wrote:

> Dear All,
>
> I just found out that on the 9th September, 2013, the DC Federal Appeals
> Court heard Verizon's challenge to FCC's open internet order, see below.
>
> Wish I was in DC to have sat in to hear the saline arguments.
>
> See below for more information.
>
> Kind Regards,
> Sala
>
> Sent from my iPad
>
> Begin forwarded message:
>
> *From:* Manoj Ranchord <mranchord at yahoo.co.nz>
> *Date:* September 14, 2013, 6:59:19 AM GMT+12:00
> *To:* "Salanieta T. Tamanikaiwaimaro" <
> salanieta.tamanikaiwaimaro at gmail.com>
> *Subject:* *Fw: The Gilder Friday Letter*
>
> FYI - some commentary on net neutrality.
>
> Ps. This is a good source for alternative view from predominant opinion.
>
>  ------------------------------
> * From: * Forbes Newsletters <newsletters at forbes.com>;
> * To: * <mranchord at yahoo.co.nz>;
> * Subject: * The Gilder Friday Letter v.567.0
> * Sent: * Fri, Sep 13, 2013 1:00:34 PM
>
>     _______________________________________________
>
> *— THE FRIDAY LETTER —*
> *(emailed weekly, from Gilder Publishing, LLC
> for Forbes friends and subscribers)*
> _______________________________________________
>
> | http://www.gilder.com/<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/3455>| Issue 568.0/September 13, 2013
>
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>
> HEADLINES:
>
> -  The Week / A Decade Later, Net Neutrality Goes to Court
> -  Friday Feature / A Decade Later, Net Neutrality Goes to Court
> -  Blogger Bonus / The Growth Experiment Revisited
> -  Readings /
>
> *Knowledge and Power: The Information Theory of
> Capitalism and How it is Revolutionizing our World<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/57897?ie=UTF8&qid=%20gilderpublish-20>
>
> *Ronald Reagan's most–quoted living author—George Gilder—is back with an
> all–new paradigm–shifting theory of capitalism that will upturn
> conventional wisdom, just when our economy desperately needs a new
> direction.
>
> *ORDER  YOUR COPY  TODAY *
> http://www.amazon.com/Knowledge-Power-Information-Capitalism-Revolutionizing/dp/1621570274/ref=sr_1_1?ie=UTF8&qid=%20gilderpublish-20
>
> <http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/57897?ie=UTF8&qid=%20gilderpublish-20>
>
> *The Week* / A Decade Later, Net Neutrality Goes to Court
>
> *BRET SWANSON, Maximum Entropy* *(09/09/13)*: Today the D.C. Federal
> Appeals Court hears Verizon's challenge to the Federal Communications
> Commission's "Open Internet Order" — better known as "net neutrality."
>
> Hard to believe, but we've been arguing over net neutrality for a decade.
> I just pulled up some testimony George Gilder and I prepared for a Senate
> Commerce Committee hearing in April 2004. In it, we asserted that a newish
> "horizontal layers" regulatory proposal, then circulating among comm–law
> policy wonks, would become the next big tech policy battlefield. Horizontal
> layers became net neutrality, the Bush FCC adopted the non-binding Four
> Principles of an open Internet in 2005, the Obama FCC pushed through actual
> regulations in 2010, and now today's court challenge, which argues that the
> FCC has no authority to regulate the Internet and that, in fact, Congress
> told the FCC not to regulate the Internet.
>
> Over the years we've followed the debate, and often weighed in. Here's a
> sampling of our articles, reports, reply comments, and even some doggerel:
>
> "CBS–Time Warner Cable Spat Shows (Once Again) Why 'Net Neutrality' Won't
> Work"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61813>– by Bret Swanson – August 9, 2013
>
> "Verizon, ESPN, and the Future of Broadband"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/60149>– by Bret Swanson –
> *Forbes.com* – June 4, 2013
>
> "The Internet Survives, and Thrives, For Now"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61814>– by Bret Swanson – RealClearMarkets – December 6, 2010
>
> "Reply Comments to the FCC's Open Internet Further Inquiry"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61815>– by Bret Swanson – November 4, 2010
>
> "Net Neutrality, Investment, and Jobs: Assessing the Potential Impact on
> the Broadband Ecosystem"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61816>– by Charles M. Davidson and Bret T. Swanson, Advanced Communications Law
> and Policy Institute, New York Law School, June 16, 2010
>
> "Reply Comments in the FCC Matter of 'Preserving the Open Internet'"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61817>– by Bret Swanson – April 26, 2010
>
>  "What Would Net Neutrality Mean for U.S. Jobs?"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61816>– by Bret Swanson – February 5, 2010
>
> "Net Neutrality's Impact on Internet Innovation"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61818>– prepared for the New York City Council – by Bret Swanson – November 20,
> 2009
>
> "Google and the Problem With 'Net Neutrality'"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61819>– by Bret Swanson,
> *The Wall Street Journal*, October 5, 2009
>
> "Leviathan Spam"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61820>– by Bret Swanson – A whimsical take on "Net Neutrality" – September 23,
> 2009
>
> "Unleashing the 'Exaflood'"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61821?mod=opinion_main_commentaries>– by Bret Swanson and George Gilder,
> *The Wall Street Journal*, February 22, 2008
>
> "The Coming Exaflood"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61822>– by Bret Swanson,
> *The Wall Street Journal*, January 20, 2007
>
> "Let There Be Bandwidth"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61823>– by Bret Swanson,
> *The Wall Street Journal*, March 7, 2006
>
> "Testimony For Telecommunications Policy: A Look Ahead"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61824>– testimony before the Senate Commerce Committee – by George Gilder – April
> 28, 2004
>
> *More from Bret Swanson:*
> http://www.bretswanson.com/<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/15576>
>
> *REGISTER FOR A FREE SUBSCRIPTION TO THE FRIDAY LETTER:*
> http://nct.digitalriver.com/fulfill/0165.035<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/30179>
>
> *WEALTH & POVERTY: A New Edition for the 21st Century
>
> *The *New York Times* bestseller *Wealth and Poverty* by *George Gilder*is one of the most famous economic books of all time and has sold more than
> one million copies since its first release.
>
> In the new, completely updated, edition, Gilder compares America's current
> economic challenges with her past economic problems, and explains why
> Obama's big–government, redistributive policies are doing more harm than
> good. *Wealth and Poverty* (2012) offers solutions to America's current
> economic problems and hope to those who fear that our best days are behind
> us.*
>
> Order Your Copy Today!<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/54962?ie=UTF8&qid=gilderpublish-20>
> *
>
>  *Friday Feature* /Israeli Companies Are On Sale
>
> Gilder Telecosm Forum<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/23099?Action=DisplayPage&Locale=en_US&id=ProductDetailsPage&SiteID=es_764&productID=73310400&pgm=11198600>
> *MEMBER* *(09/09/13)*: George, Please give us a futurist's view of what
> we should be investing in. Thanks in advance for your reply.
>
> *GEORGE GILDER*, Gilder Telecosm Forum
> <http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/23099?Action=DisplayPage&Locale=en_US&id=ProductDetailsPage&SiteID=es_764&productID=73310400&pgm=11198600>
> *(09/10/13)*: I'll work on it, though my noggin is mostly full of
> information theory these days. The environment for small and mid–sized tech
> is ferocious. Now that the EPA has effectively banned nanotech, regarding
> carbon nanotubes as a new form of asbestos, and network neutrality
> threatens the Internet, I might have to resort to biotech, as long as it
> remains legal (genetic modification, eek!).
>
> Meanwhile, I'll make do with my usual suspects, most of which you can buy
> more cheaply than ever. I would particularly note that great Israeli
> companies such as the cloud security paragon *RADW* are on sale. *EZCH*is still the best semiconductor company in the world and an even better
> stock because it remains widely unrecognized; *TSEM* is still the best
> analog play and also even cheaper despite its increasingly stable finances;
> *CGEN* is no longer in the bargain basement but is worth a bet; *EVGN.TA*remains attractive;
> *INTC* is an Israeli company in disguise and is on sale despite its world
> leading fabs and attractive Moore's Law double dividends; *AMD*spearheads graphics processors and will gain with clouds;
> *ADSK* seems well valued but it is the leader in 3D CAD and moving into
> the cloud with ever ascendant and unique software from *Otoy*; and *AUDC*is now better valued but it is a survivor at layer–five at a time when
> everything is becoming sessions…
>
> *Read more posts by George Gilder and the Telecosm Forum members by
> logging on to the* Gilder Telecosm Forum<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/23099?Action=DisplayPage&Locale=en_US&id=ProductDetailsPage&SiteID=es_764&productID=73310400&pgm=11198600>
> *with your subscriber password at* www.gildertech.com.
>
> *REGISTER FOR A FREE SUBSCRIPTION TO THE FRIDAY LETTER:*
> http://nct.digitalriver.com/fulfill/0165.035<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/30179>
>
> *The Israel Test: Why the World's Most Besieged State
> is a Beacon of Freedom and Hope for the World Economy *
>
> Have you ever wondered why, in our time, it is the Left that leads the
> attack on Israel? After reading* The Israel Test<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/6840?ie=UTF8&tag=gilderpublish-20>
> * you will never wonder again. George Gilder's brilliant work
> definitively shows how America's ability and desire to defend Israel will
> define our survival as a nation:* "If Israel is destroyed, capitalist
> Europe will likely die as well, and America, as the epitome of productive
> and creative capitalism spurred by Jews, will be in jeopardy."*
>
> *ORDER YOUR COPY TODAY* [*Now in Paperback!*]
>
> *Blogger Bonus* / The Growth Experiment Revisited
>
> *STEPHEN MOORE, Wall Street Journal Book Review of "The Growth Experiment
> Revisited", By Lawrence Lindsey** (09/09/13)*: When Ronald Reagan
> endorsed the idea of supply–side tax cuts in 1981, he turned 50 years of
> economic orthodoxy on its head. Even Republicans like Sen. Howard Baker of
> Tennessee, who voted for the cuts, called it "a riverboat gamble." What
> followed was a quarter–century of nearly unprecedented wealth creation and
> technological progress. America's net worth exploded by nearly $40 trillion
> in these years, and nearly 40 million Americans were added to business
> payrolls.
>
> Now, in the wake of the great recession of 2008–09 and the fifth year of
> the most meager of Keynesian "recoveries," it is a good time to re–explore
> how supply–side policies set America on the prosperity path in the go–go
> years of the 1980s and '90s. This is what Lawrence Lindsey's "The Growth
> Experiment Revisited" sets out to do.
>
> The 1980s boom was launched on the simple insight that, by lowering tax
> rates and regulatory hurdles and juicing the incentives to produce,
> innovate and take risks, the animal spirits of the American free–enterprise
> system would revive. Two seminal books hatched the supply–side revolution.
> The first was Jude Wanniski's "The Way the World Works" (1978); the second,
> George Gilder's "Wealth and Poverty"<http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/57897?ie=UTF8&qid=%20gilderpublish-20>(1981).
>
> Almost as influential, coming a few years later, was Lawrence Lindsey's
> "The Growth Experiment" (1990). Slightly academic in nature, it was the
> first book to quantify the economic and revenue windfall of the 1981 Reagan
> across–the–board tax cuts. Mr. Lindsey's conclusion was that Reagan's 1981
> tax act quickened the pace of production, which reduced the predicted
> revenue loss. His research found that although the Reagan tax cuts didn't
> "pay for themselves," the ones at the highest end of the income spectrum
> "did produce a revenue gain" because of "changes in taxpayer behavior." He
> concluded that "the core supply–side tenet—that tax rates powerfully affect
> the willingness of taxpayers to work, save and invest, and thereby also
> affect the health of the economy—won as stunning a vindication as has been
> seen in at least a half–century of economics."
>
> He has now updated his book, taking us through the booms and busts of the
> past 20 years. It is a valuable project in part because Mr. Lindsey was a
> front–seat economic adviser to George W. Bush, serving as director of the
> National Economic Council and as one of the architects of the
> often–maligned 2001 and 2003 Bush tax cuts.
>
> Mr. Lindsey's central claim is that those tax changes saved the economy
> from the undertow of the financial meltdown at the end of the Clinton
> presidency. The bursting of the high–tech bubble in 1999–2000, which tends
> to be forgotten, was followed by the turmoil and economic upheaval after
> 9/11. Mr. Lindsey makes a convincing case that Mr. Bush doesn't receive
> nearly the credit he deserves for steering the economy clear of a
> mini–depression in the early 2000s. The economic revival of 2003–07 wasn't
> particularly speedy, but it looks impressive today when compared with the
> dismal results of Obamanomics.
>
> The purpose of the tax cuts, Mr. Lindsey writes, was "to provide a cushion
> for the economy when the bubble burst." They were designed as an "insurance
> policy" against a downturn. The author says that he was driven by a lesson,
> impressed upon him by then Federal Reserve Chairman Alan Greenspan, not to
> repeat the policy mistakes after the 1929 stock market crash, when taxes
> and tariffs were raised in 1930 and 1931. They only exacerbated the length
> and severity of the Depression.
>
> Mr. Lindsey writes that the Bush tax cut in 2001 was "a standard Keynesian
> remedy for a recession" but "with a supply–side twist," and that it helped
> avert a deeper recession. "The economy began to recover as soon as the
> tax–cut checks hit," he insists. Those policies consisted mainly of tax
> rebates, credits and a slow phase–down of rates (to a 35% maximum). On the
> opinion pages of this newspaper we have questioned the bang–for–the–buck
> quality of the 2001 tax package, arguing that, contrary to Mr. Lindsey's
> claim, the rebates and credits bumped up consumption in only a minor and
> temporary way and that what was needed was permanent tax–rate reductions to
> encourage investment and work. It is true that the economy revived in 2001
> and 2002, but only haltingly.
>
> The real economic sparkplug was the 2003 investment–tax cut, which lowered
> the rate on capital gains and dividends. Not only did growth accelerate,
> but stocks rose in value—as Mr. Lindsey had predicted—and revenues to the
> federal government exploded by nearly $800 billion until 2008, when the
> bursting of the housing bubble sent the economy into the intensive–care
> unit.
>
> For all the moaning about growing deficits under Mr. Bush, Mr. Lindsey
> defends the record of the president he worked for: The cumulative debt
> during Mr. Bush's two terms, he notes, added $2 trillion—or less than the
> amount Barack Obama borrowed in his first two years in office. This is
> true, though it ignores the fact that Mr. Bush left behind a deficit that
> was headed to $1 trillion in 2009 no matter who became president. Mr.
> Lindsey sees vindication in Mr. Obama's decision to extend the Bush tax
> cuts for everyone in 2011 and for "99 percent of all taxpayers" in 2013.
>
> The puzzle of Mr. Lindsey is that one of the most prominent defenders of
> supply–side economics and lower tax rates is also a disciple of demand–side
> economics: He believes that, in times of recession, Keynesian fiscal
> policies designed to increase overall demand will help steer an economy
> back on the growth path. Both tax cuts and spending increases, he says,
> "may be sensible as counter–cyclical policies."
>
> That isn't everyone's reading of history, of course. What is beyond
> dispute, after reading Mr. Lindsey's book, is that tax rates have a direct
> effect on the health of the economy, a lesson that the current Obama
> administration has chosen to ignore.
>
> Comment On This:
> http://online.wsj.com/article/SB10001424127887324123004579055323264287530.html
> __________________________________________
> *
> Like The Gilder Friday Letter on Facebook:*
>
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> __________________________________________
>
> *Readings* /
>
> ABC's Monday Night Football Offers Essential Lesson In Economics
> http://www.forbes.com/sites/johntamny/2013/09/08/abcs-monday-night-football-offers-an-essential-lesson-in-economics/
>
> <http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61825>
>
> Hey GOP! Get Smart Fighting Obamacare
> http://www.forbes.com/sites/steveforbes/2013/09/04/hey-gop-get-smart-fighting-obamacare/
>
> <http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61826>
>
> John Scully Just Gave His Most Detailed Account of How Steve Jobs Got
> Fired From Apple
> http://www.forbes.com/sites/randalllane/2013/09/09/john-sculley-just-gave-his-most-detailed-account-ever-of-how-steve-jobs-got-fired-from-apple/
>
> <http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61827>
>
> Startup Culture is Killing Innovation
> http://www.wired.com/opinion/2013/09/why-do-research-when-you-can-fail-fast-pivot-and-act-out-other-popular-startup-cliches/
>
> <http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61828>
>
> Wall Street Give New iPhone Thumbs Down
> http://blogs.wsj.com/moneybeat/2013/09/11/wall-street-gives-apples-new-iphones-thumbs-down/
>
> <http://forbes-news.psmessage.com/news/5ekofaaCxhzoa2Cbdl2Ce2cz9a1Cs8m2Cffsj6/1/61829>________________________________
>
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