• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50

3

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50

3

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
TechNet neutrality

Net Neutrality: The FCC Chair Is Drunk on Ideology

Jeff John Roberts
By
Jeff John Roberts
Jeff John Roberts
Editor, Finance and Crypto
Down Arrow Button Icon
Jeff John Roberts
By
Jeff John Roberts
Jeff John Roberts
Editor, Finance and Crypto
Down Arrow Button Icon
December 15, 2017, 2:18 PM ET

Ajit Pai is drunk on free market economics. There’s no other way to explain his decision as chairman of the Federal Communications Commission’s to tear up the nation’s net neutrality rules for no good reason.

Knowing this won’t change the outcome of yesterday’s FCC vote, which lets Internet providers give special treatment to some websites over others. But it’s still helpful to know why Pai did what he did.

Contrary to the view of some critics, Pai is not corrupt. Yes, he was a lawyer for Verizon, a fierce opponent of net neutrality, but his decision to scrap the rules was not motivated by a desire to win favor with his former bosses in the telecom industry.

Instead, the problem is that Pai is a zealot. Pai’s speeches and tweets, described below, reveal how he’s in thrall to an ideology that places economic principles over people. In this way, he’s a bit like Latin American socialists who cling to theories no matter the real world harm they wreck.

In Pai’s case, though, the source of indoctrination is not Marxism, but the University of Chicago, which is the standard bearer for law and economics. This school of thought, made famous by scholars like Richard Posner and Milton Friedman, holds that law should be responsible for promoting efficient economic outcomes.

In the Chicago school, society is best served if people are allowed to freely contract in the market, which in turn helps to guarantee prosperity and freedom. Conversely, the law and economics movement (yes, it’s a political platform as much as an academic one) takes a decidedly dim view of government and regulation, treating those things as sand in the gears of the market.

Pai studied law at the University of Chicago, and it’s apparent he imbibed heavily from the ideas around him. This is reflected in part by his Twitter feed, which includes messages like this one, which he retweeted last week:

economics > all other social sciences

— Ben Sasse (@BenSasse) December 8, 2017

His zealousness for Chicago-style ideals is also apparent in his public speeches, including one he made this spring at the conservative Hudson Institute. In the address, Pai gushed about his hometown Kansas City Royals’ use of money-ball tactics to win the World Series, and also explained his vision to bring economic analysis to every facet of the FCC’s operations.

More conspicuously, Pai has made repeated avowals to take a “weed-wacker” to regulation as the FCC’s chair. The metaphor speaks for itself—regulations (including those enshrining net neutrality) are intrinsically harmful and should be chopped down.

Get Data Sheet, Fortune’s technology newsletter.

There’s nothing wrong, of course, with drawing on the ideas of law-and-economics. The school has had an enormous influence on the U.S. Treasury and the judiciary, and its advocates are correct that misguided regulation can choke the economy and diminish the prosperity of everyone.

In Pai’s case, however, he’s embraced the Chicago school not as a source of policy ideas as but an ideology in its own right. Gripped by the fever of a true believer, he evinces a hostility to all regulations—not just the bad ones. What else explains his impulse to gut neutrality in the absence of credible evidence that the rules, imposed in 2015, have stunted investment? And what besides zealotry would lead him to tear up a policy that is widely popular with the American public who, understandably, are wary of increasing the power of companies like Comcast?

This is not even the worst of it. Instead, what makes Pai’s pig-headedness so intolerable is that he appears to overlook an important element of the free market theory he so adores. Namely, as any economist will tell you, free market theory is predicated on the idea the market is subject to competition—something that is plainly not the case in the market for Internet services.

I’d be okay with Pai’s vision of an unregulated Internet provided I could choose among broadband services the same way I can pick where I buy shoes or lollipops. In this scenario, broadband providers would have an incentive not to mistreat their customers—through throttling websites or sudden price hikes—because those customers would choose a competitor in the market.

But broadband doesn’t work that way. It’s not like shoes or lollipops, which are sold by hundreds of vendors in any given city. Instead, there is often a single monopoly provider that is much akin to the water company or the electric company. In the same way governments don’t allow the electric company to dictate what appliances we buy, Internet companies should not be allowed to favor one website over another.

But Pai’s fixation with his “weed-whackers” means he’s incapable of distinguishing between good regulations and bad ones, or recognizing that the free market that so informs his thinking doesn’t even exist when it comes to Internet services.

As I said, Pai is drunk on market ideology, and the rest of the country is about to suffer the consequences of his bender.

About the Author
Jeff John Roberts
By Jeff John RobertsEditor, Finance and Crypto
LinkedIn iconTwitter icon

Jeff John Roberts is the Finance and Crypto editor at Fortune, overseeing coverage of the blockchain and how technology is changing finance.

See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

w
Environmentclimate change
The asphalt industry has a heat problem — and cities are running out of patience
By Aya Diab, Alexa St. John and The Associated PressMay 23, 2026
11 hours ago
SpaceX’s third-generation Starship, which NASA may use to put astronauts on the moon, makes debut in test flight ahead of blockbuster IPO
InnovationSpaceX
SpaceX’s third-generation Starship, which NASA may use to put astronauts on the moon, makes debut in test flight ahead of blockbuster IPO
By Marcia Dunn and The Associated PressMay 23, 2026
13 hours ago
Is a college degree still worth it? Here are 3 things it can teach you that AI can’t do
Future of WorkColleges and Universities
Is a college degree still worth it? Here are 3 things it can teach you that AI can’t do
By Jake AngeloMay 23, 2026
14 hours ago
Ashley Yetman
Commentarydisruption
Everyone is blaming AI for the death of ‘craft.’ Take a good look in the mirror
By Ashley YetmanMay 23, 2026
16 hours ago
Josh Smith, founder of Montana Knife Company.
SuccessEntrepreneurs
This 39-year-old quit his lineman job during the pandemic and built a $50 million company in his backyard
By Nick LichtenbergMay 23, 2026
16 hours ago
Jon McNeill
SuccessCareers
Former Tesla president shares the secret to success he learned from his former boss, Elon Musk: ‘He demands to only work with world-class talent’
By Preston ForeMay 23, 2026
17 hours ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
2 days ago
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
Success
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
By Preston ForeMay 22, 2026
2 days ago
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Success
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
By Emma BurleighMay 22, 2026
1 day ago
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
AI
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
By Jake AngeloMay 22, 2026
1 day ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
4 days ago
Elon Musk's SpaceX IPO filing just told us what business he's betting on for the future—and it's not rockets
Investing
Elon Musk's SpaceX IPO filing just told us what business he's betting on for the future—and it's not rockets
By Shawn TullyMay 23, 2026
19 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.