“What could possibly go wrong with a regulatory power grab by a government agency applying an 80-year-old law to the most dynamic and innovative aspect of the world’s economy?” asks Bruce Edward Walker in this week’s Acton Commentary.

The Federal Communications Commission last week voted along partisan lines for passage of network neutrality regulations. The first two attempts were both defeated in U.S. Circuit Court, and one hopes this third try meets the same fate.

The latest strategy deployed by the FCC is reclassification of the Internet from a Title I information service to a Title munications service. Whereas Title I prescribes a light regulatory touch, Title II opens the floodgates for the agency to regulate as a utility all aspects of the Internet under the 1934 Communications Act. The 1934 law was devised specifically to police landline phones mon carriers with the unfortunate unforeseen consequence of establishing a decades-long telephone monopoly by creating significant barriers of entry for start-ups and panies.

The full text of the essay can be found here. Subscribe to the free, weekly Acton News & Commentary and other publications here.