by Prof. James F. Tracy, Global Research:
The “Internet of Things” (IoT) and Smart Grid technologies will together be aggressively integrated into the developed world’s socioeconomic fabric with little-if-any public or governmental oversight. This is the overall opinion of a new report by the Federal Trade Commission, which has announced a series of “recommendations” to major utility companies and transnational corporations heavily invested in the IoT and Smart Grid, suggesting that such technologies should be rolled out almost entirely on the basis of “free market” principles so as not to stifle “innovation.”
As with the Food and Drug Administration and the Environmental Protection Agency, the FTC functions to provide the semblance of democratic governance and studied concern as it allows corporate monied interests and prerogatives to run roughshod over the body politic.
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