Crony Socialism is in part the government cutting special deals for certain companies - at the expense of other companies and the free market.
It is particularly pathetic when companies publicly troll for this treatment. Its almost as if theyve given up on actually you know trying.
…Sprint T-Mobile US Dish Network and other smaller carriers are already lobbying (Federal Communications Commission Chairman Tom Wheeler).
In a letter to Wheeler on Thursday the companies top executives…urged Wheeler to adopt rules for the (spectrum) auctions that would ensure that the two dominant wireless incumbents not be allowed to lock competitive carriers out of acquiring…spectrum.…"
But…its an auction. Everyone bids - and the best bids win. Everyone has equal access. Problem preemptively solved. Except thats not what these guys mean. More from their begging letter:
To be clear none of us has ever suggested excluding the largest two carriers from the…auction."
Oh - good.
Reasonable spectrum-aggregation limits however…."
Oh - wait. So they DO want the government to exclude some companies from freely bidding in the auction. They should have instead written Let us be clear."
More competition in turn means more jobs more investment faster innovation and more economic growth in America. Competition will also enable the Commission to maintain its light-touch regulatory approach to the wireless industry…."
Absolutely. But no ones going to go out of business as a result of this auction. Therell be just as many competitors after as before.
However the whole debate over spectrum aggregation limits will largely be a moot point if the FCC cant persuade enough broadcasters to give up their spectrum for auction in the first place.
A great way to ensure that not enough broadcasters participate? Have the government limit the number of bidders - and thus the coin to be garnered by the broadcasters. Exactly for what these Crony Socialist companies are asking.
Obviously not satisfied by all this obviousness is Masayoshi Son. He is the President of SoftBank - Sprints parent company. While seeking to have the government fetter in his favor the auction Son is simultaneously looking for unfettered government approval of Sprints purchase of T-Mobile.
But wait - what about all that high-minded talk of the importance of competition in his letter? Son wants the government to approve his merger - meaning there will be...one less competitor.
Id like to provide an alternative" Son said in the speech.
You already do Mr. Son - Sprint. What you actually want to do is provide one less alternative - by taking T-Mobile off the board.
At an earnings briefing last month for example Son deflected questions about a possible Sprint/T-Mobile deal. What I can say is that the United States mobile industry is not competitive…."
Again your merger will mean one less competitor.
I am not saying Im opposed to the Sprint-T-Mobile merger - I am saying Im opposed to Sons Crony Socialism-riddled hypocrisy.
How much of it is being extruded? In 2011 AT&T wanted to purchase the very same T-Mobile Sons Sprint now seeks to acquire.
Sprint Reminds Us It Didnt Want AT&T-T-Mobile Merger
In a statement released today Sprint thanked departing FCC Chairman Julius Genachowski for his service and for blocking AT&Ts 2011 bid for T-Mobile.
Oh - and there was a spectrum auction just last year.
Sorry Not Interested: Sprint Bows Out of the PCS Spectrum Auction
Get that? Sprint bailed on the last one - but now wants the government to rig for them this one.
According to Son and his Sprint when the government can mess with your competitors its all good - and you cry for it. When the government can impede you - you demand we all let the free market reign. Regulate thee - not me.
Crony Socialism epitomized.
Crony Socialism is in part the government cutting special deals for certain companies - at the expense of other companies and the free market.
It is particularly pathetic when companies publicly troll for this treatment. Its almost as if theyve given up on actually you know trying.
…Sprint T-Mobile US Dish Network and other smaller carriers are already lobbying (Federal Communications Commission Chairman Tom Wheeler).
In a letter to Wheeler on Thursday the companies top executives…urged Wheeler to adopt rules for the (spectrum) auctions that would ensure that the two dominant wireless incumbents not be allowed to lock competitive carriers out of acquiring…spectrum.…"
But…its an auction. Everyone bids - and the best bids win. Everyone has equal access. Problem preemptively solved. Except thats not what these guys mean. More from their begging letter:
To be clear none of us has ever suggested excluding the largest two carriers from the…auction."
Oh - good.
Reasonable spectrum-aggregation limits however…."
Oh - wait. So they DO want the government to exclude some companies from freely bidding in the auction. They should have instead written Let us be clear."
More competition in turn means more jobs more investment faster innovation and more economic growth in America. Competition will also enable the Commission to maintain its light-touch regulatory approach to the wireless industry…."
Absolutely. But no ones going to go out of business as a result of this auction. Therell be just as many competitors after as before.
However the whole debate over spectrum aggregation limits will largely be a moot point if the FCC cant persuade enough broadcasters to give up their spectrum for auction in the first place.
A great way to ensure that not enough broadcasters participate? Have the government limit the number of bidders - and thus the coin to be garnered by the broadcasters. Exactly for what these Crony Socialist companies are asking.
Obviously not satisfied by all this obviousness is Masayoshi Son. He is the President of SoftBank - Sprints parent company. While seeking to have the government fetter in his favor the auction Son is simultaneously looking for unfettered government approval of Sprints purchase of T-Mobile.
But wait - what about all that high-minded talk of the importance of competition in his letter? Son wants the government to approve his merger - meaning there will be...one less competitor.
Id like to provide an alternative" Son said in the speech.
You already do Mr. Son - Sprint. What you actually want to do is provide one less alternative - by taking T-Mobile off the board.
At an earnings briefing last month for example Son deflected questions about a possible Sprint/T-Mobile deal. What I can say is that the United States mobile industry is not competitive…."
Again your merger will mean one less competitor.
I am not saying Im opposed to the Sprint-T-Mobile merger - I am saying Im opposed to Sons Crony Socialism-riddled hypocrisy.
How much of it is being extruded? In 2011 AT&T wanted to purchase the very same T-Mobile Sons Sprint now seeks to acquire.
Sprint Reminds Us It Didnt Want AT&T-T-Mobile Merger
In a statement released today Sprint thanked departing FCC Chairman Julius Genachowski for his service and for blocking AT&Ts 2011 bid for T-Mobile.
Oh - and there was a spectrum auction just last year.
Sorry Not Interested: Sprint Bows Out of the PCS Spectrum Auction
Get that? Sprint bailed on the last one - but now wants the government to rig for them this one.
According to Son and his Sprint when the government can mess with your competitors its all good - and you cry for it. When the government can impede you - you demand we all let the free market reign. Regulate thee - not me.
Crony Socialism epitomized.