The Heritage Foundation has hit this issue right on the nail head. The unjustified notion that big is bad introduces unnecessary regulatory review, which amounts to unnecessary delay in getting innovative products to market. As a former regulator, I saw the unnecessary and time consuming hoops that telecommunications firms were forced to jump through in the name of “consumer protection.”
It’s time that the FCC abandon the “regulate the behavior” school of thought and look at resource allocation from an optimizing view point. In other words, if the transaction gets spectrum into the hands of the party that makes the best and efficient use of it, then allow the transfer at the fastest speed.
Government, as manager of the economy, is supposed to look for optimal use of resources. It’s not supposed to use regulation as an optimal noose around the neck of innovation.