Did the Dow do the Smart thing?

And replace Verizon with Google?

The Dow Jones Industrial Index is the oldest index and most storied that we have. It’s made from a selection of the best industrial companies from the USA.

The Dow is not the forefront of picking winners but selecting the best and getting rid of the worst.

It’s also price weighted.

So Google, which Standard and Poor deems a teleco, replaced a $40 stock that hasn’t done anything.

Net neutrality and no taxes on internet commerce changed the playing field for the internet and now Google which needs Verizon and ATT or no one will have internet connection is NOW the representative of telecommunication?

With Google now in debt, and internet commerce being taxed, what if the government will tacitly humble these overlords by allowing ATT and Verizon to start charging the businesses for favorable treatment?

Instead of charging me $100s of dollars of month?

Banks do it by charging my business crazy fees in my business, but not in my personal account.

What are your thoughts?