Strict government regulation of public industries has sometimes been necessary to promote a strong economic infrastructure.

The Communications Act of 1934 regulated wire and radio communications in such a way that all the people of the United States were entitled to a rapid, efficient, nationwide and worldwide radio and wire communications.  

FCC put limits on how much phone companies could charge enabling the majority of citizens access to telecommunications. 

These new telephone laws were based on simular principals used to regulate railroads.  

Before railroad regulations, Vanderbilt's railroads privileged Rockefeller oil to lower prices, which allowed Rockefeller to have a monopoly in the oil industry.  

And before that, Western Union telegraph service gave the Associated Press price privileges and even denied rival newspapers access to the telegraph.  

Opinions and attitudes were dictated to the people from one news source. 

This created a monopoly in the newspaper industry and government regulation put and end to it.

Railroads and Telegraph services were the internet of the past and were also regulated in such a way that promoted nondiscriminatory access.