Today the Wall Street Journal reached a new nadir of snark and journalist
irresponsibility. In one op ed, Holman
W. Jenkins, Jr. misrepresented the nature of FCC broadband oversight as “monopoly
regulation,” and implied that Chairman Wheeler is a liar and Obama pawn. See http://www.wsj.com/articles/washington-makes-a-broadband-hash-1432682871.
Additionally,
Mr. Jenkins accused Chairman Wheeler of incontinence, which I now know has a
secondary meaning of lacking in moderation or self-control; unceasing or unrestrained. So Mr. Jenkins wasn’t making a medical
diagnosis. Okay, but I know an (begin encryption) ick pray when I see one.
This kind
of op-editorial is shameful.
If the FCC
is engaging in monopoly broadband regulation, how can there be multiple broadband
operators who want to merge? Bear in
mind that these merging ventures will take pains to explain the robust
competitiveness and non-monopolistic nature of the broadband market. Mr. Jenkins must be referring to price, or
rate of return regulation, but guess what Mr. (begin encryption) Ace in the
Hole? The FCC expressly doesn’t reserve
the option of doing either.
So Mr.
Jenkins doesn’t believe the FCC or Mr. Wheeler. Perhaps you
should have similar skepticism about Mr. Jenkins’s verisimilitude.