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FCC says “too bad” to ISPs complaining that listing every fee is too hard (arstechnica.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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FCC says “too bad” to ISPs complaining that listing every fee is too hard::Comcast and other ISPs asked FCC to ditch listing-every-fee rule. FCC says "no."

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[–] saltesc@lemmy.world 16 points 1 year ago* (last edited 1 year ago) (1 children)

We have government regulators in Australia. Surprise, surprise, fees aren't lengthy, can be explained, and are investigated by the "Consumer Watchdog"—literally what the Australian Competition and Consumer Commission is called—if shit's starting to look shady or unreasonable. We love capitalism, but we put a long socialism leash on it to reduce strain, deception, and fraud that makes victims of smaller businesses or individuals.

I love it. It makes a lot of shady ideas never leave the board room and if they do, chances are it ends up being really bad PR. All the while, playing the capitalism game well still nets high reward.

[–] cybersandwich@lemmy.world 11 points 1 year ago

Capitalism is fantastic.*

as long as it's heavily regulated otherwise it turns the world into monopolistic hellscape.

I love it when super pro capitalists cite Adam Smith. His seminal book on capitalism clearly explains the logical hellscape outcomes that will naturally evolve over time but people gloss over that.