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Why American Internet Service Is Slow and Expensive
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.'"
What about American exceptionalism?!?! Don't worry the internet is just fine the way it is. Soon gold plated eagles with laser eyes are gonna blast out of the American interwebs and run all the naysayers out of the country!
Wow, it looks like SimCity with half the building models removed!
"[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz