My former colleague Jon Henke has reviewed “The People’s Network: The Political Economy of the Telephone in the Gilded Age” for Reason. I haven’t read the book, but his take has placed it on the top of the list. As anyone who has read about the history of telecommunication regulation, policy formation is and has been a cat-and-mouse game between regulators and the regulated. Jon explains:
What can this history tell us? A lot, actually:
My post on the Satellite Television Extension and Localism Act (STELA) hits on a couple of these key issues for video law. Changing consumer preferences is ultimately undoing the myriad and complex rules put in place by the FCC under the guise of public interest. Like so many other areas of telecommunication law, the laws governing video must be updated to meet the 21st century marketplace.