Re: Regulatory Capture
The laws of physics, not the government, limits spectrum. And, where there is sufficient demand for passenger railroads, they exist. The Northeast corridor, for example.
My take is that Jonathan is right in the long term but in the short term is overestimating the ability of the free market to provide competition sufficient to make up for a lack of regulation. The Internet is a utility, like electricity or water. Or healthcare, for that matter, though probably don't want to get into that here. As such, it needs some level of regulation. I'm not big fan of micromanagement, governmental or otherwise. But we need a balance, and I for one don't trust Verizon, Comcast or any carrier with a utility.
As others say, follow the money.