Telecom: Let The Free For All Begin
The Telecommunications Act of 1996 is not working. Designed to promote competition in cable and phone markets, it is instead being used to cement monopoly. It now is clear that campaign contributions to powerful legislators by competing interests produced deliberately obscure legal language. The result: paralysis in the courts. And attempts to balance different consumer and producer interests begat stifling compromises that worked only to block change. It's time for Senate Commerce Committee Chairman John McCain (R-Ariz.) to cut the Gordian knot. Partial deregulation is, in the end, an oxymoron.
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