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On February 7, 37 leading US economists signed a joint letter asking the federal communications commission (FCC) to allow broadcasters to lease spectrum they currently license from the government in secondary markets. The letter, which went virtually unnoticed by the general public, is the opening salvo in a radical plan to wrest control of the entire spectrumm from governments around the world, and make the radio frequencies a private preserve of global media giants. If they succeed, the nation state will have lost one of its last remaining vestiges of real power - the ability to regulate access to broadcast communications within its own geographic borders.