Spectrum as Property

the economist troll writes "An article in this week's Economist argues that overcautious control of electromagnetic spectrum, on the part of regulatory agencies, has resulted in the sheer waste of up to 95% of available spectrum. The article suggests remedies for this sorry state of affairs, including (but not limited to) various methods of privatization. Peppered with history and interesting facts--for instance, did you know only 2% of America's spectrum allocation is determined by auction?--this is one article you won't want to miss."