As Bill points out, “Now many other countries offer their citizens faster and cheaper access than we do.” As opposed to the market seeing faster high-speed access through fiber optic lines, many of us are still hooked up to broadband. We’re stuck with this old-fashioned technology because, as Susan Crawford explains, our government has allowed a few giant conglomerates to rig the rules, raise prices, and stifle competition.
Watch the interview with Susan Crawford. It reveals yet another industry where profits are up, yet America is floundering in due to larger, less innovative companies who have been allowed to form cartels to protect themselves from competition while consumers pay the ultimate price – it seems like a recurring theme. These methods and business practices are not sustainable.