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Comment on FCC to rescind ruling that said ISPs are required to secure their networks

Cyber security effectively doesn’t exist without consequence in capitalism. If there aren’t regulatory fines or monetary damage from breaches, what incentive is there to spend on enforcing anything? When they can’t innovate or compete anymore, they’ll begin cutting at the structural systems to save more money until it’s just a shell of an appearance of security, and maybe not even that. Who will care?

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TimLovesTech@badatbeing.social ⁨1⁩ ⁨week⁩ ago
When companies have to start funding their own networks because ISPs are all down, or just known to be compromised due to bad actors, it’s going to hit capitalism over the head pretty hard. This is a great way to tank the stock market though if you are betting against “Tech” companies.

Short all Tech stocks

Allow “free market” to regulate itself (because less regulation and capitalism always work so great together)

Make $ hand over fist when market begins to tank because ISPs can’t be trusted to route their traffic because of all exploits

Carr said the vote scheduled for November 20 comes after “extensive FCC engagement with carriers” who have taken “substantial steps… to strengthen their cybersecurity defenses.”

Well if they say their doing it, then surely they are, and not just because the law your trying to change required them to. It’s like when Republicans want to deregulate the banks because they are doing so well not exploiting predator loans and/or over leveraging loans trying to make even more $. Deregulation cannot, and will not, work in a capitalist environment. Regulation is the guard rails required to keep capitalism from cannibalizing itself.
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