First in Capitalism, Last in Broadband

BBC NEWS | Technology | Broadband World: Mapping the global picture

Extolling the virtues of a “pure and unadulterated capitalism” has always been in vogue in the United States, and it has never changed the fact the country is lagging in many critical measures of quality of life, chief among them life expectancy and infant mortality.

Now we can add broadband speed to the list, though broadband speed is hardly a measure of quality of life. It is a damn nice measure of excess, that one characteristic for which the USA is best known.

It’s nice to know to know that monopoly power is still worshipped in the United States  for the excess power and wealth it concentrates in the hands of the few. Who cares that monopoly power never delivers better service at a lower price, innovation (Microsoft still doesn’t get the iPod), improvements in infrastructure, or a functioning marketplace?

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