Not a false premise at all. It's a corollary to "Power corrupts . . ." The
power to regulate is the power to destroy. People appointed as regulators are
very powerful.
You're very confused.
We, the people, are the government of the United States. Only when you
cede power to the corporations is the power outside of the hands of the
people, and that is the true corruption of power. Corporations exist
primarily to make a profit by any means, not for the benefit of their
employees or even their customers [if they're a utility].
We, the people, have our representatives appoint regulators to keep
corporations under control. Originally, corporations had ten-year
charters, to keep them from being "evil", as were the corporations
before the revolution. The British East India Company, along other
corporations, were allowed by the King to be abusive to colonists. As a
result, the founders of the US were extremely distrustful of
corporations, as we should be now.
The corrupting power in the US is now in the 'hands' of huge banks and
multinational corporations. Regulation gives some of the power back to
the people of the United States. We need business. We need people to
start and run businesses. We need people to buy products and services.
We don't need companies that underpay employees, force them to work
overtime off the clock, fire them for wanting union protection, and
without that protection, send the jobs overseas, creating high unemployment.
How will people be able to afford any kind of broadband if they're
underemployed or unemployed?
That's what unregulated corporate power does. From your comments, that's
what you want. You are either an unrepentant corporatist, or very confused.
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