NEW YORK ( TheStreet) -- If any industry and region has embodied the spirit of creativity and unapologetic change, it has been Silicon Valley. But the upstart is now part of the establishment with a corner K Street office, Washington's famed lobbying corridor.
Silicon Valley's representatives are doing what other entrenched industries too often do in Washington: making sure the rules are rigged against anyone who might cause them, well, disruption.
No better example of this is what Google (GOOG - Get Report) (GOOGL - Get Report) is up to these days. The company is trying to convince government regulators to bar a new technology that will help alleviate annoying congestion for wireless users. Google claims it is looking out for consumers. But the truth is that it is looking to protect its dominance in the marketplace.
If this were not bad enough, Google has found an ally that is the very picture of an entrenched corporate interest. Comcast (CMCSA - Get Report), the cable giant, is known to use lobbying, philanthropy and political contributions to influence decision-makers inside the capital.
At issue is an emerging technology known as LTE-Unlicensed, or LTE-U. The technology was developed by wireless carriers and their equipment partners to cope with increasing congestion on airwaves of wireless broadband known as licensed spectrum.
LTE-U prevents congestion by enabling mobile operators to offload data traffic during peak periods onto unlicensed spectrum -- airwaves designed for anybody to use with any technology to innovate without permission or needles regulatory burdens.
But Wi-Fi service relies heavily on unlicensed spectrum. And Google and Comcast, the most dominant users of unlicensed spectrum, do not want to make room for others on these airwaves. Think of them as digital road hogs.
But instead of admitting that, Google and Comcast are hoping to scare consumers and regulators alike by claiming the new offering would degrade popular Wi-Fi services.
More than that, LTE-U uses licensed spectrum by default -- and uses unlicensed spectrum only when needed, according to industry literature.
Still, Google and Comcast are claiming looming disaster. They are seeking government intervention in what is a business dispute. They are saying that LTE-U technology is not market-ready and must be subjected to strict, government evaluations before it is deployed.
But far from being driven by a need to protect consumers, Google and Comcast are attempting to take advantage of a burdensome regulatory system in Washington to fend off competition.
They have turned to the same delay-and-mislead tactics that entrenched incumbents have used when facing similar challenges.
Consumers should hope that policymakers ignore the cries of these two huge companies and reject the anti-competitive arguments that they are attempting to disguise as consumer advocacy. Let Google cross the trillion-dollar threshold in market capitalization on its own merit -- without governmental assistance.
Google would do well to remember a time two decades ago when the company was an idea born of the unfettered imagination of two Ph.D. students at Stanford University.
The investment play here is ascertaining what publicly traded company or IPO candidate could benefit from the innovative technology.
As someone who believes passionately that innovation is what makes the American free market system a force for positive change, I hope these companies abandon their misguided campaign.
It would be in the best interest of consumers.