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This argument can be applied to any form of property. Needless to say, the land I live on now must be respected regardless of the Iroquois who lived on it hundreds of years ago. A free market allocation of such frequencies is the most efficient and fair method available. Utopian ideals of "non-ownership" need not apply.
Actually it can't be applied to all property simply natural things that are scacre or made artificially scarce and into property and it can be resolved in many ways for instance the Georgist land value tax on ground rent is an excellent ways to resolve the issues of private ownership of land, maintain social justice, end land speculation and monopoly and remove or greatly reduce taxes on the labour and capital of individuals.
One is not talking of free market allocation because it is the state allocating them.
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