Current regulatory policies in network industries in general and in telecommunications in particular are wrongly rooted and ill-conceived. All justifications for them turns out to be false - esp. historical record, alleged abuse of dominant position, inefficient duplication etc. The only results are mainly as follows: lower investments, wrongly placed investments, higher interest rates and resulting crowding-out effect, slower technological progress and greater "digital divine" than necessary. The only way out is to overturn current regulatory policies, not to improve them - one cannot improve unimprovable.