Washington, D.C. – (The Hosting News) – January 20, 2006 – Small business advocacy group, the Small Business and Entrepreneurship Council (SBE Council), has denounced initiatives to add layers of government regulation to the Internet.
According to the SBE Council, competition is the best watchdog for the Internet, and government should continue to stay clear of its development.
SBE Council President and CEO, Karen Kerrigan explained, ”Consider what the Internet has done for small business – it has made the smallest shops national suppliers; it has allowed for streamlined communication between consumers and vendors; and it has created a global venue for entrepreneurs who are no longer restricted to bricks and mortar store fronts. Of course, thousands of entrepreneurial companies are powering the Internet through their important work innovating new products including software, hardware, security systems and much more. Our lawmakers need to ensure that any legislation encourages more investments in a competitive Internet environment. The government cannot be given the power to give some competitors advantage over others without full consideration for consumers. Without question, regulatory intervention will have unintended consequences – awful ones. It’s still a very bad idea.”
Kerrigan said legislative attempts to place limits on some Internet service providers won’t make the Internet a “neutral” place, as those who favor government intervention argue. Instead, it will slow innovation and take away small business choice in selecting the service that best meets their needs.
According to SBE Council Chief Economist, Raymond J. Keating, ”This effort for more regulation and greater government interference ignores the tremendous benefits consumers, including entrepreneurs and small businesses, have experienced due to market competition. It ignores that companies have to serve customers. It ignores that special interest advocates and government bureaucrats do not serve as the best guides for how markets develop. Such development should be left to businesses competing, with consumers making the final decisions as to who succeeds and who fails.”
Mr. Keating added, ”Internet providers have every incentive to continue to respond to consumer demands and needs. Government interference will only slow the pace of innovation and bring additional costs and artificial barriers to a market that is well served by competition.”
To learn more about the Small Business and Entrepreneurship Council, please visit: www.sbecouncil.org.