How Deregulation Gave Us FM Radio, HBO, and the iPhone
The FCC is designed to protect incumbents, enrich politicians, and screw consumers, says economist Thomas Hazlett.
"We've gone to a modern [broadcast] system that has a lot of places where stuff can happen without permission," says Thomas W. Hazlett, who's the FCC's former chief economist, a professor at Clemson University, and author of the new book The Political Spectrum: The Tumultuous Liberation of Wireless Technology, from Herbert Hoover to the Smartphone. "And we have seen that the smartphone revolution and some other great stuff in the wireless space has really burgeoned...That comes from deregulation."
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