The advent of 5G cellular technology has induced imaginative speculations about spectacular virtual universes, Humans 3.5 artificial intelligence, and an Internet of Things that will trigger “smart houses” and even smarter cities. What lessons can earlier telecommunications inventions offer? The focus here is on five issues regarding 5G: the social savings from new innovations; business to business (B2B) relative to consumer markets; private sector versus government-led initiatives; net neutrality; and the right to privacy.
The breakup of Standard Oil Company in 1911 continues to be wielded as a bludgeon to threaten successful firms, and as a banner to encourage populists in their forays against free markets. Consider the recent Executive Order on Competition: When past presidents faced similar threats from growing corporate power, they took bold action. In the […]