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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (821)	8/13/1999 8:40:00 AM
From: Art Bechhoefer	Read Replies (3) \| Respond to of 13582

So the Republicans in the house want the FCC to focus more on enforcement. It seems almost incredible that the party of the so-called free market would want MORE enforcement. Generally what happens in these agencies is that you get SELECTIVE enforcement, based on criteria that may include political considerations. It is a common misconception that regulatory agencies interfere with the free market, and so should be restricted on the assumption that more competition provides the best regulation. The reality is that intelligent regulation (by knowledgable, independent regulators - perhaps an oxymoron) can actually create a system that outperforms the free market. The reason is that unregulated competition usually prefers an optimum short term solution, whereas independent regulators concentrate on longer term considerations. The basis for these conclusions is developed further in a paper I wrote for the Univ. of Michigan in 1975, "The Dynamics of the Regulatory Process."