In an op-ed in today’s Roll Call, Mobile Future Chairman Jonathan Spalter calls on the FCC to drop its controversial Third-Way proposal in support of targeted Congressional action that would protect America’s innovation economy and encourage continued private-sector investment in the communications marketplace. Spalter writes:
“But for many consumers and technology innovators, as well as for many on both sides of the aisle in Congress, Genachowski’s Third Way is a nonstarter. The concern, which is deeply felt by many in America’s innovation industries and by the capital and debt markets that support them, is that by resorting to an old-style ‘my way or the highway’ form of regulation, the FCC risks taking America’s innovation economy back to the bad old days of heavy-handed big government, an approach that has proved time and again to be a significant buzzkill for investment and innovation. This is exactly the wrong time, they say, for the FCC to impose a potentially stifling regulatory agenda on a communications marketplace that has been one of the few lasting economic success stories of the past several years, despite the recession, and is poised for a new era of even more growth. However, this growth won’t happen on its own and will require hundreds of billions of dollars in new private-sector investment and risk-taking in order to succeed.”
You can read the full op-ed here.