A tradition that arbitrarily prints free money for some and arbitrarily imbues economic burden on others.
The electromagnetic spectrum is sort of like land from an economic perspective except it "appeared" only recently. Nobody owns that or puts a price on it. Everybody purchases a limited lease from the government via auction. This was, in a sense, a frontier.
The Duke of Westminster didnt inherit electromagnetic spectrum from his ancestors coz they won a war in 1066.
