For nearly two decades, the Internet has been capitalism’s engine, driving the creation of the country’s largest and most successful companies.
Amazon, Google, Uber, Airbnb, Facebook, Twitter, Pinterest, LinkedIn and thousands of other companies wouldn’t exist without it. In fact, pretty much all of the 176 companies on Fortune’s unicorn list of startups valued at $1 billion or more wouldn’t exist without the Internet.
The Internet has improved our quality of life, providing us with entertainment, online shopping, directions when we’re lost and the ability to communicate with anyone, anywhere at any time. It’s beginning to improve healthcare and should save lives and lower costs – if we let it.
Libertarians would point to the Internet as the most compelling example in history of how businesses can grow, create jobs, contribute to the economy and produce tax revenue when left practically untouched by government regulation.
But lovers of government regulation are protesting at the home of Ajit Pai, chair of the Federal Communication Commission, because he’s attempting to “destroy net neutrality” by overturning rules adopted by the FCC in 2015 under his predecessor, Tom Wheeler.