My column for the Washington County Daily News is online and in print. I know what you’re thinking… what the heck did President Hayes do to make the news this week? You’ll have to read and see.
In the 20th century the common carrier that dominated technology for the better part of 70 years was AT& T. In exchange for a monopoly on long-distance lines and the ability to use eminent domain, AT&T agreed to let the government regulate their rates and, what was critical, to not discriminate against what was said on those lines. This was a stark contrast to the great monopoly of the telegraph, Western Union, which might have helped sway the presidential election of 1876 to Rutherford B. Hayes by secretly providing the Hayes campaign the Democrats’ telegrams and suppressing others. AT& T’s great bargain was to agree to be regulated in exchange for a monopoly.