Deregulation Has Created Monopolies - And That's Why Your Internet Sucks
From Ring of Fire:
The internet service in the United Stated is among the worst in the technologically-advanced world. Compared to other civilized nations, our service is slow, expensive and unreliable. It is an international embarrassment that the nation that literally invented the internet lags so far behind in making its network competitive. So who’s to blame for this American failure? Monopolies.
Time Warner, Comcast, and Verizon are a few of the companies that have lobbied to be granted special positions as Internet Service Providers (ISPs) and they are not holding up their end of the deal. Telecom companies have been granted special privileges, by law. But those privileges come at a price.
In 1996, was the United States saw its first overhaul of telecommunications law since 1934. The law that was enacted was the 1996 Telecommunications Act (the Act). The Act was intended to encourage competition and instead has allowed cable and telecom companies to do little more than divide markets and establish their monopolies.
Read the full story here at Ring of Fire.
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