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.'"

Comments

Re: but!

[ColdWetDog]

What about American exceptionalism?!?

Beer is cheap. What could be better than that!

USA! USA! USA!

Re:South Korea is a special case.

[mrchaotica]

Wow, it looks like SimCity with half the building models removed!