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Phoenix666 [soylentnews.org] writes:

US cable carriers are crying foul against the Federal Communications Commission (FCC) over what they say are overbearing and heavy-handed regulations [theregister.co.uk] being placed on their market.

Speaking at an event in Boston, Michael Powell - CEO of the National Cable and Telecommunications Association and former FCC chairman - said that the Commission was putting undue pressure on cable providers by overstepping its bounds on regulation.

"The policy blows we are weathering are not modest regulatory corrections," Powell said [ncta.com]

"They have been thundering, tectonic shifts that have crumbled decades of settled law and policy."

The industry lobbyist said that while the FCC should seek to promote competition in the cable market, it should do so by easing regulations and encouraging new competitors, though Powell himself acknowledged the US cable market has been consolidating [theregister.co.uk] significantly [theregister.co.uk] as of late.

The Invisible Hand [wikipedia.org] squeezes out competition, doesn't it?

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