My main argument is that when you have a limited quantity of something, like radio spectrum, it's normal to have a public conversation about how this should be divided - and ultimately, it's a democratic decision about who gets what, why, and for which uses.

Land should be regulated this way, but it isn't, because of the hangover (in europe) of medieval norms where landlords were essentially gangsters extracting protection money, or (in america) the essential abundance of land available for the taking[0].

If you have an expanding frontier, a fixed quantity (land) behaves like a growing quantity, so there isn't the intense pressure for land reform you got in europe. Except now, the land is all taken, so the regulatory regime which worked for a growing supply of land becomes increasingly dysfunctional, leading to problems with homelessness and tenant impoverishment, where people are paying increasing quantities of their income (50% +) to landlords, not because those landlords provide them with a good service, or because the landlords have high costs, but because it's their only choice.

[0] Obviously, the first nations population massively lost out in this.