How is the Internet Evolving

[Commentary] At a New America Foundation discussion on the Internet's Mid-Life Crisis, author Tim Wu's central claim is that the evolution of technology-based media industries is from chaos or openness (good) to centralization (bad). The first is freedom, he argues, the second is monopoly. There is, however, a third state: Competition.

And I think given all of the change we see today -- the dynamism, the investment -- I think we are in that third state. And it has provided tremendous benefits for consumers. Competition is by definition not static. So what you will see in a competitive environment is not only different products and services, but different business models, and different value propositions emerging and evolving in ways that are very difficult to predict.