Crony Capitalism

Ars TechnicaAT&T has struck a deal with the US government to get nearly $428 million per year to bring 10Mbps Internet service to parts of rural America after protesting that it shouldn't have to provide speeds that fast.

The government takes the money and hands it out to favored corporations who won't do anything with it, subsidizing their pissant efforts in rural areas while also blocking competition from startups who might do better.

Mind you, I say that despite probably being one of the people who benefit from the spending.

This entry was published Mon Sep 14 09:58:13 CDT 2015 by TriggerFinger and last updated 2015-09-14 09:58:13.0. [Tweet]

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