“For example, bandwidth allocation on the electromagnetic spectrum. It not only needs direction at the local, state, and national level, but at the international level as well, and for private, commercial and government uses.”
Why not just sell it to the highest bidder and then make that ownership a property right that may be resold? If someone trespasses on their right, they sue them.
It would work out as well as the current system.
I could see some really awful things coming out of that.
For example, right now bandwidth bidding auctions by the FCC are hopelessly expensive and limited to just a few players because of it. Google’s opening bid, for example was $4.6b for just a chunk of one band. If it was for an open market sale, it would likely top $50b.
So bandwidth ownership would be just as concentrated as the current media oligopoly. Fewer than a dozen corporations would likely control all the electromagnetic spectrum, except for government set asides for police and fire, air traffic control, military, intelligence, NASA, and others.
Private use would cease. Right now, the shortwave band, which used to be huge, has been sliced down to a shadow of its former self.
Somebody has to put limits on it, or private use would stop entirely. For example, just using walkie-talkies would be like using a pay phone.