How have we fallen so far behind? Through lack of competition. As the Congressional Research Service puts it, U.S. consumers face a “cable and telephone broadband duopoly.” And that’s more like a best-case scenario: Many households are hostage to a single broadband provider, and nearly one-tenth have no broadband provider at all.
For businesses, it’s just as bad. The telecom merger spree has left many office buildings with a single provider — leading to annual estimated overcharges of $8 billion. Our broadband infrastructure should be a reason companies want to do business in the United States, not just another reason to go offshore.