Tom Wheeler

As we enter the third decade of the 21st century—the digital century—it is time for the public interest to reassert itself. Thus far, the digital entrepreneurs have been making the rules about the digital economy. Early in this decade, We the People must reassert a visible hand on the tiller of digital activity. Will public policy intervene to protect personal privacy? Can our leaders act to preserve the idea of a competition-based economy?

The collision of corporate opportunism and Republican anti-government orthodoxy has pushed the United States backwards on the allocation of important spectrum for fifth-generation wireless networks (5G).

Since the time of the early advertising-supported newspapers, economic incentive has worked to bring people together around a common set of shared information. Maximizing ad revenue meant offending as few readers as possible by at least attempting a balanced presentation of the facts. The search for balance began to retreat with the arrival of cable television, but the economic model of maximizing revenue by maximizing reach still governed. The targeting capability of social media algorithms, however, has extinguished the traditional economic model.

Too often, the corporate response to regulation has not been “what’s best for all stakeholders,” but “what’s best for the CFO (Chief Financial Officer).” The lobbying refrain sounds like this: “because regulation could hurt profits, it will hurt our ability to invest and innovate and therefore hurt the public interest.” You hear this from Big Pharma’s television ads. Broadband networks used the argument to kill net neutrality.

What is the agenda that provides hope and opportunity for Americans in a new digital-based economy? So far, much of the campaign focus on the new economy has been reduced to a misleadingly simple “break ‘em up!” solution for Big Tech.

At present, 34 states (and the District of Columbia) have introduced some kind of open internet legislation.

5G will be a physical overhaul of our essential networks that will have decades-long impact. Because 5G is the conversion to a mostly all-software network, future upgrades will be software updates much like the current upgrades to your smartphone. Because of the cyber vulnerabilities of software, the tougher part of the real 5G “race” is to retool how we secure the most important network of the 21st century and the ecosystem of devices and applications that sprout from that network.

Throughout the world, ink is being spilled and electrons exercised in a frenetic focus on fifth generation wireless technologies, or 5G. The 5G discussion, with all its permutations and combinations, has grown to resemble an elementary school soccer game where everyone chases the ball, first in one direction, then another. There are five often misunderstood facts to know about 5G:

A year ago, the Trump Federal Communications Commission announced a proposal to reallocate C-band spectrum for 5G. With much fanfare, the FCC trumpeted a plan to outsource to the satellite companies the process of auctioning these airwaves. Rather than the kind of open and transparent auction process the agency has followed since the first spectrum auction in 1994, the Trump FCC declared it would be “faster” to embrace what they called a “marketplace approach” in which the licensees took over the job traditionally done by the FCC.

Technology-driven changes—like those we are presently experiencing—produce demands for security and stability that pose a threat to liberal democracy and capitalism. Across the world, autocrats are on the rise because they claim they can deliver answers; symbols such as Brexit or the Wall pose as solutions; and old economic “isms” are reborn as “new” solutions.