Imagine A World With No Scarcity Of Spectrum, no FCC, no limits on what you could say, what you couldn't...at the O'Reilly Emerging Technology Conference David P. Reed suggested just this idea. Dan Gillmor runs it down. Most of his commentary i agree with except for one major point. And for some reason it seems to be a recurring misconcepton. Gillmor in speaking of entrenched companies says "Their business model is based on economics that Reed's notions, should they become reality in the marketplace, would shred." This is very similar to the notion all record lables will go out of business if Napster, Gnutella, and Fast-track opperate. The truth is inovation is required to stay in business in a capitalist system. If spectrum becomes more available, then thoes who had it when it was scarce should inovate and keep there customers by being better than the new guy. The same is true for the music industry. Neither's buisness model should "shred" unless it was faulted to begin with. Anyway good reading. This one thanks to Dee!!!