Obsolete Regulators

The Washington Times

How many companies offer phone service — traditional land-line telephone companies, cable companies, satellite providers, numerous wireless telephone providers?

Whatever the number, it certainly is not a monopoly and the providers are highly competitive. Yet, we still have a telecommunications regulatory agency, the Federal Communication Commission, that in many ways still operates as if we had but one land-line company.

The U.S. lags well behind many countries in Asia and even some in Europe in broadband deployment, not because many companies in the U.S. are unwilling to provide the service, but because they are hobbled by regulators. Some people at the FCC and their sister organizations within the states not only lack a vision of the future, but seem incapable of understanding both the industry's economics and the technologies now available.

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Richard Rahn

Richard W. Rahn is an economist, syndicated columnist, and entrepreneur. He was a senior fellow of the Discovery Institute. Currently, he is Chairman of Improbable Success Productions and the Institute for Global Economic Growth. He was the Vice President and Chief Economist of the United States Chamber of Commerce during the Reagan Administration and remains a staunch advocate of supply-side economics, small government, and classical liberalism.