> has been a vastly, vastly more productive use than any single one of those carrier spectrum auctions
How much of that productivity is derived from the fact that support costs are externalized? Devices having issues connecting to WiFi, network occasionally disappearing for no good reason, neighbor stepping on your WiFi channel, Roku or PlayStation frequently buffering when playing online video? Tough luck, Google is your friend.
Carriers do not have the luxury of enjoying such laissez-free relationship with paying customers.