RICHARD HASEN: Speech in America is fast, cheap and out of control.

He says that like it’s a bad thing.

In the old days, just a handful of TV networks controlled the airwaves, and newspapers served as gatekeepers for news and opinion content. A big debate back in the 1980s and earlier was how to enable free expression for those who did not own or work for a media company and wanted to get a message out.

In 1995, UCLA law professor Eugene Volokh wrote a remarkably prescient Yale Law Journal article looking ahead to the coming Internet era. In “Cheap Speech and What It Will Do,” Volokh foresaw the rise of streaming music and video services such as Spotify and Netflix, the emergence of handheld tablets for reading books, the demise of classified advertising in the newspaper business, and more generally how technology would usher in radical new opportunities for readers, viewers and listeners to custom design what they read, saw and heard, while at the same time undermining the power of intermediaries including publishers and bookstore owners.

To Volokh, these changes were exciting and democratizing. But 22 years later, the picture of what the cheap-speech boom has wrought seems considerably darker. No doubt the Internet has dramatically lowered the costs of obtaining information and spurred the creation and consumption of content from radically diverse sources. Anyone with an idea can now get it out on Facebook, Twitter or any number of other sites accessible to anyone in the world with an Internet connection. And cheap speech has been a boon to those fighting oppressive regimes around the world, as truthful messages and relevant information can spread despite government censorship efforts.

Less positively, cheap speech has undermined mediating and stabilizing institutions of American democracy, including newspapers and political parties, with negative social and political consequences.

Freedom of speech is enshrined in the Constitution; the power of information gatekeepers is not.

The Founders knew what they were doing.