Karl Bode, Vice:
“Under the heavy-handed regulations adopted by the prior Commission in 2015, network investment declined for two straight years, the first time that had happened outside of a recession in the broadband era,” [Ajit] Pai told Congress last year at an oversight hearing.
“We now have a regulatory framework in place that is encouraging the private sector to make the investments necessary to bring better, faster, and cheaper broadband to more Americans,” Pai proclaimed.
But a new study from George Washington University indicates that Pai’s claims were patently false. The study took a closer look at the earnings reports and SEC filings of 8,577 unique companies from Q1 2009 through Q3 2018 to conclude that the passage and repeal of the rules had no meaningful impact on broadband investment. Several hundred of these were telecom companies.
“The results of the paper are clear and should be both unsurprising and uncontroversial,” The researchers said. “The key finding is there were no impacts on telecommunication industry investment from the net neutrality policy changes. Neither the 2010 or 2015 US net neutrality rule changes had any causal impact on telecommunications investment.”
We knew this. We knew it before Pai rolled back net neutrality regulations. But it bears repeating that he made law by amplifying the cable industry’s lies, leading to abuses of power from an increasingly-concentrated media and telecom industry.