The fast-paced and quickly changing nature of this technology will defy any attempts to contain it. Rather than act out of fear that these new technologies will overwhelm us, we now have the opportunity to embrace the Internet and use it to our benefit. We must learn to strike a delicate balance between protecting our citizens and allowing businesses the freedom to experiment so that the market to flourish. We are at a fork in the road and our choices are fear or progress. And experience in the U.S. and across the globe underscores one fundamental truth.
Progress turns on private sector leadership.
No government has the tools or resources necessary to develop the needed infrastructure. Let me emphasize that we in United States have faced many unforeseen hurdles on our road to an open and competitive market. The process is a complicated one, but we are committed to ensuring a fair and fully competitive marketplace.