Does media concentration matter if we have the Internet?

Lessig counters the argument that the Internet's existence means that media concentration doesn't matter:

At the same time that media concentration restrictions are being removed, such that 3 companies will own everything, so too are neutrality restrictions for the network being eliminated, so that those same three companies — who will also control broadband access — are totally free to architect broadband however they wish. "The Internet" that is to be the savior is a dying breed. The end-to-end architecture that gave us its power will. in effect, be inverted. And so the games networks play to benefit their own will bleed to this space too.

And then Dr. Pangloss says, "but what about spectrum. Won't unlicensed spectrum guarantee our freedom?" And it is true: Here at least there was some hope from this FCC. But the latest from DC is that a tiny chunk of new unlicensed spectrum will be released. And then after that, no more. Spectrum too will be sold — to the same companies, no doubt.

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