> the worst of both worlds, where existing interests do manage to slow things up without really helping themselves much in the end and simultaneously poison the

> the worst of both worlds, where existing interests do manage to slow things up without really helping themselves much in the end and simultaneously poison the water so that everyone is left worse off than might have happened. That is a really great way to put it. > "replacement space instruments" fee I realize you hadn't given this much thought but a downside to that approach is exactly how cell phone bills get padded. Regulatory capture fees ought to be rated as a backdoor tax like inflation.