Commentary on Rifkin's new book

I borrowed his new book from the library today. After reading the Intro and first chapter a few comments. On p. 6 he discusses how monopolies intentionally thwart competition and innovation so as to maintain their stranglehold. But he claims entrepreneurs find a way around it and end up forcing competition with their better tech and price reductions. Yet he discusses on pp. 7-9 Larry Summers 2001 paper, wherein Summers acknowledges the emerging information economy was indeed moving to near marginal cost. Summers though didn't propose something like Rifkin but instead recommended "short-term natural monopolies" (8).

Recall Summers was Obama's pick for Director of the National Economic Council. His policy suggestions were well in line with the earlier promotion of "natural monopolies," and his resume attests. And we're seeing exactly this economic philosophy at play with the FCC Chairman Wheeler's proposed pay-to-play rules, where the ISP monopolies will destroy internet neutrality. Recall that Wheeler was another Obama pick, and was a former, and will return to being, a cable and wireless lobbyist. While Obama claims to back income equality and net neutrality he appoints the likes of Summers and Wheeler who make no bones about their support of monopolies. And without net neutrality good bye to Rifkin's entire plan, which requires it to succeed.

If you haven't yet, please take action to preserve it. Here's one place and you can find several others if you but look.