It was anarchy until the 1920's when people started stepping on each other. Then regulation and allocation was introduced.
I don't know enough about anarchy. How does any limited natural resource get allocated under anarchy?
Not sure that centralized regulation is the problem. Seems like that could work if the regulators are working for the benefit of all the people, and opposed to the benefit of a small number of shareholders of large corporations.
If only the FCC worked for us instead of Verizon and Clearchannel :-(
-steve