Telecom Reregulation
The problem with reading a book like The Future and Its Enemies is that you see Stasists vs. Dynamists all over the place. Stephen Moore has a good example.
Specifically, the FCC is going to decide this week whether to promulgate new regulations that would allow the competitors of the incumbent telephone companies — the "Baby Bells" — to have access to the infrastructure that the phone companies built with billions of dollars of private investment capital. Yes, of course, competition is a desirable goal. But if the government mandates that the privately financed infrastructure must be shared by all competitors, who will make the initial investments in the first place?
Posted by joshuasharf at December 15, 2004 07:51 AM
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