It's not as if any government anywhere (let alone the European Commission) ever preempted technological innovation
and successfully regulated it,
before it even became reality. Take for example what happened with Biofuel in the EU. Or renewables. Or, as a matter of fact, the 'net itself. So it actually begs the question: What on earth were the (seemingly clueless) bureaucrats that drafted
this press release thinking when they coined their own pointless buzzword (as if there aren't enough already) in 'Web 3.0' and proceeded in presenting their equally pointless milestones and grand vision, when the EU funding for broadband has rivalled Gore's Information Superhighway in waste, frivolousness and incoherence?
In spite of the lack of substance in the press release, there are some good parts in the related Commission report,
The Future Networks and the Internet. Nope, it's not the internet of 'things' or 'stimulating investment in high-speed broadband' or --- ironically --- 'building the net of the future'. Instead I found keeping the 'net open and guaranteeing availability to be the most useful (and realistic) of the themes presented in the report. In any case, thinking about the future is commendable and could prove extremely wise; the way the Commission attempts to achieve it seems completely wrong and betrays ignorance of how and why technology such as the 'net can have such a disruptive effect in society (hint: yep, lack of regulation definitely had something to do with it).
A public consultation on the 'early challenges of the Internet of Things' is
open until the 28th of November.