Provocative column from a law prof calling for the dismantling of the FCC. He says we still need an agency to watch out for government interference and corporate monopolies. Here’s a good point:
Since the birth of the Republic, the U.S. government has been in the business of handing out “exclusive rights” (a.k.a., monopolies) in order to “promote progress” or enable new markets of communication. Patents and copyrights accomplish the first goal; giving away slices of the airwaves serves the second. No one doubts that these monopolies are sometimes necessary to stimulate innovation. Hollywood could not survive without a copyright system; privately funded drug development won’t happen without patents. But if history has taught us anything, it is that special interests—the Disneys and Pfizers of the world—have become very good at clambering for more and more monopoly rights. Copyrights last almost a century now, and patents regulate “anything under the sun that is made by man,” as the Supreme Court has put it. This is the story of endless bloat, with each round of new monopolies met with a gluttonous demand for more.
He suggests a new agency: The Innovation Environment Protection Agency to replace the defunct FCC. Given the current political environment, I won’t hold my breath.