[12772] in Commercialization & Privatization of the Internet
Re: S&L crisis
daemon@ATHENA.MIT.EDU (John Little)
Sat May 28 10:43:22 1994
Date: Fri, 27 May 1994 15:47:27 -0700
From: John Little <jel@corp.portal.com>
To: com-priv@psi.com
Incredible greed may be a convenient whipping boy, but it doesn't
explain either the past or current problems. One could make a pretty
credible argument that inappropriate regulation *caused* the s&l crisis,
but this isn't the forum.
Try dealing with the banks to see how a highly regulated, marginally
competetive industry operates. If this degree of government regulation
(or anything close to it) is brought to the Internet, we'll be in very
bad shape. We would provide a substantially better service to our
customers if the government got out of the way. Personally, I'd rather not
see:
- a government mandate to support x.400
- a government mandate to support clipper
- a government mandate to faciliate electronic wiretaps
- a government mandate that forces me to interoperate with random
standards devised by the telephone and cable tv industries
- a government mandate to support some bureaucrat's twisted view of
the future
But perhaps I am confused about how massive greed is adversely affecting
Internet, and how the government will step in and save us all.
John
Larry Berg <nwsyslaw@netcom.com> writes:
>
>I'm not sure what current situation you think is
>relevant, however, the one that really needs stomping on is the
>incredible greed that fuels crises such as the widespread savings and loan
>fiasco that WE ARE ALL PAYING FOR that just coincidently sprang up
>coast-to-coast like an invasion of thistle in our wonderful unregulated
>garden.
