So who is this new competition we see coming into the telecom industry "all the time"?
I want the government to help invest and build the infrastructure that will allow us to have the fastest high speed internet in the world, since we are after all the greatest country in the world. Just as the government has invested in infrastructure projects before. The problem is politics have become so partisan the other side just wants to see the government fail instead of it working.
And LOL at your quote. It took Comcast literally 8-10 years in my area to offer consumer 50mbps download. Took another 4 years for them to offer 100mbps download. Yet in 5 years... the cellular companies who are still stick on 4GLTE, will have new technology that will enable 1TB download speeds from satellites.
I would love to live in that bubble you live in.
5 years ago, the only ISP available to me was Cox Communications. Nowadays there are several to choose from, which is why my internet keeps getting faster and cheaper. I was using dial up when you were still ****ting in diapers. But, dial up wasn't good enough so technology was advanced. Innovation..........Once Fios and Fiber were added, companies like Comcast were forced to increase internet speed, thus the DOCSIS 3.1. That's what happens when you don't have the government controlling the industry. Today Fiber is considered the future, what will it be in 5 years? When will fiber be obsolete? Obviously if govt gets control, they will slow down technology and fiber may not become obsolete.
Again, how did healthcare work out when the government got involved?
Hows the internet in the UK, btw, the government stepped into the telecom business?
In 2013, the US had an average Mbit/s of 6.0, 31st in the world. In 2014, it increased to 10.5, 11th in the world.
Why does South Korea have such fast internet? Deregulation, Also 83% of its' internet users reside in urban areas, how do you compete with that?
If the government wants to lay the infrastructure and get the out of the way, that's one thing, but even you can't admit that that is what would happen. Again, you haven't answered me on how this gets paid for.
Where's the money?
Critics of the U.S. Internet system argue that with more competition, the U.S. could have cheap, speedy Internet like South Korea. However, they can't explain where the money will come from to fund faster speeds with lower costs to consumers.
If the big U.S. ISPs were earning huge monopoly profits, competition might be an easy solution. However, even at the biggest and most profitable broadband providers, operating margins are around 20% and after-tax profit margins are in the high single-digits or low teens -- relatively reasonable levels considering the capital-intensive nature of the business.
Even if these companies are forced to open their last mile connections to competition, they would still have to be able to cover their costs and earn a margin. (The competing ISPs would also have to be able to earn a profit.) This would prevent major price cuts or major increases in investment.
More competition in the broadband industry might help improve the industry's terrible customer service standards. It also would give consumers more service tiers to choose from. However, the two things people care about most -- price and speed -- wouldn't change much. Suburban sprawl means that the U.S. won't be able to match South Korea's cheap, speedy Internet service.