Back in 1997, then-FCC Chairman Reed Hundt titled a speech, "Thinking About Why Some Communications Mergers Are Unthinkable." In his address, Mr. Hundt explained why, in his view, it was "unthinkable" to contemplate a merger between AT&T and one of the Bell Operating Companies. A principal reason had to do with what Mr. Hundt claimed would be the "resulting concentration" of "the long distance market."
Well, this thinking about the unthinkable was not very prescient regarding the development of what, even then, was a rapidly changing marketplace. There is no longer any meaningful "long distance market." Long distance is long gone.
But the regulatory immodesty that leads FCC commissioners, even well-meaning ones, to think that they can predict - and then manage for the benefit of consumers - increasingly fast-paced technological and marketplace changes is not, like long distance, long gone. Indeed, I fear that, right now, such immodesty is at a dangerously high point.
It is yet another Barack Obama Administration pledge now relegated to the ash heap of Mendacious History.
The Most Transparent Administration In History
The Most Transparent Administration in History
This is the Most Transparent Administration in History
This is the Most Transparent Administration in the History of our Country
We’re the Most Transparent and Ethical Administration in U.S. History
Get the trance-inducing mantra? And Administration members have continued to relentlessly chant it...
The Federal Communications Commission (FCC) already has suffered two judicial rebukes in its efforts to impose net neutrality mandates on Internet service providers, most recently this past January in the D.C. Circuit's Verizon v. FCC decision. Nonetheless, the agency now is in the midst of yet another rule-making proposing to adopt new net neutrality regulations.
But here I want to address a separate, but nevertheless related, FCC initiative that is likely to lead to yet another...
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