This short article in The Economist nicely concludes on the extremely complex issue of net neutrality. (A slightly more detailed report can be read here). The basic point is that precisely because it is very complex, the problem should be dealt with light regulation setting only broad guidelines and still leaving room for the market to figure out an efficient allocation. It is becoming increasingly clear that the core issue is the lack of competition for consumers to access broadband. Introducing competition would go a long way to make the net neutrality problem go away. It seems that US regulators seem to move in this direction.
Friday, 23 January 2015
The Economist has chosen a new editor and the choice boiled down to (see FT article for details) Zanny Minton Beddoes. She is the first female editor of the 150+ years old magazine that has defined adverse industry dynamics with its unique editorial model. Minton Beddoes has all the right lines on her CV to become a very successful editor. She is an economist from Oxford and Harvard, worked at the IMF and has been involved with global policy advice across the planet. She has been with the magazine for over 20 years.