At The New Yorker, George Packer considers one significant way in which this Gilded Age differs from the last one. Amazon, Apple and Google are not Standard Oil, Ford or General Motors, but there are parallels. We are facing monumental economic and social issues that we need to be prepared to address.
The post below caught my attention because of the current industry debate and competitive battle over deployment of much higher Gigabit Internet bandwidth via optical fiber to consumers, known as Fiber to the Home or FTTH, at prices much lower than they currently pay for even 50 Megabit Internet connectivity. Gigabit connectivity is already a reality in Hong Kong and South Korea, with Europe not far behind. The big cable carriers, Comcast and Time Warner, have actually argued publicly that consumers don’t want or need higher bandwidth. How they came to that conclusion is a mystery. Now Google has entered into direct competition with the cable carriers, deploying Gigabit FTTH in Kansas City and Austin, Texas to be followed by other locations, at prices a fraction of Comcast’s pricing for lower bandwidth.
Further evidence that Yale Law Professor Susan P. Crawford is right about a telecom monopoly in North America […]
Yale Law Professor, Susan Crawford on Why U.S. Internet Access is Slow, Costly, and Unfair If you think that the U.S. and […]