TITLE

Telecom: Conflict Of Motives

AUTHOR(S)
Nolle, Tom
PUB. DATE
June 2005
SOURCE
Business Communications Review;Jun2005, Vol. 35 Issue 6, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the future of the computer and communications networking industry. This future is often seen as a basic conflict between "the Internet" and "the telcos." The former is characterized as innovative, globally embracing, a forum for all viewpoints, a cultural good. The latter class is almost the opposite, conservative, money-grubbing and repressive. Telecommunications isn't a governmental process in any of the major industrial economies worldwide. That means that social and financial policies aren't directly reflected into telecom decisions. Corporations provide networks and corporate behavior is a balance of free market economics, capitalism codified into legal guidelines and regulations. A public corporation isn't responsible to the public at large, but to its stockholders. Companies have a duty to optimize share price and company officers have a legal liability if they mess up badly enough. If a society wants a company to moderate this stockholder opportunism, the society has to set regulatory boundaries to enforce some notion of broader public good. In the U.S. and in most countries, this is done by a combination of securities law and telecom regulation.
ACCESSION #
17296700

 

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