Score one for the libertarians Wild-eyed antigovernment extremist Jim Henley holstered his gun, stubbed out his dollar-sign cigarette, and made a rather telling point about the Librarian of Congress’s recent ruling that Internet webcasters shall be forced to pay higher royalties than conventional broadcasters. Having cited the concept of “regulatory capture,” the phenomenon by which regulatory agencies eventually become the tools of the businesses they’re supposed to be reigning in, Henley observes:

Good thing we have an author of books on Russian history deciding what new-technology business structures will be “fair!” (One might wish he knew a little more Russian history.) And a good thing he’s making decisions based on which medium supposedly best serves the pecuniary interests of existing conglomerates!

[06:29 PM]