Why American Internet Service Is Slow and Expensive

Posted by Unknown on Tuesday September 25, 2012 @10:00AM from the collusion-laws-prove-useless dept.

An anonymous reader writes "Reporter David Cay Johnston was interviewed recently for his new book, which touches on why America's Internet access is slow, expensive, and retarding economic growth. The main reason? Regulatory capture. It seems the telecommunication companies have rewritten the regulatory rules in their favor. In regards to the fees that were meant to build a fast Internet, Johnston speculates those fees went to build out cellular networks. 'The companies essentially have a business model that is antithetical to economic growth,' he says. 'Profits go up if they can provide slow Internet at super high prices.'"

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Re:SOCIALIZE! by Uberbah · 2012-09-25 19:08 · Score: 1, Flamebait

You picked a terrible example. The United States Post Office loses billions of dollars every quarter.
You picked a terrible example. The USPS is only "losing" money because Republicans passed a law requiring them to fully fund their pensions 75 years in advance. As in for employees who haven't even been born yet.
No other entity, private or public, faces that requirement. Of course they'd be in trouble in a competitive market - so would FedEx or UPS.