Hazlett: Entrepreneurs need not apply

Thomas Hazlett with examples of how FCC regulations are are stacked against entrepreneurs in this column from FT.com. Money quote:

This confuses the rhetoric of capitalism with the reality of bureaucracy. When free markets allow investors to bid for resources, the best service models will appear most profitable and the highest bid is likely to be cast by the most efficient provider. But here the key competitive battle is not for consumers but for government approval, and it has already been waged. To deprive the victor of its fruits sends a clear message to wireless technology markets: entrepreneurs need not apply.