"We hold that the primary cause of current telecom troubles is that Internet-based end-to-end data networking has subsumed (and will subsume) the value that was formerly embodied in other communications networks. This, in turn, is causing the immediate obsolescence of the vertically integrated, circuit-based telephony industry of 127 years vintage. "

A lot of smart people tell the FCC to let the Bells die. I'm not sure what I think of this. Some of the comments are most certainly true, but there is a self-congradulatory tone here. "Circuits are bad; everything thats not IP oriented is bad policy" is every bit as protectionist as the opposite philosophy. The Internet has serious problems, and most of the industry is so blinded by its success that they cannot turn a critical eye to it. They sound like the winners of the French Revolution chanting "off with their heads."

Telling the FCC to tell the Bells to take a long walk...