The vote was a major victory for municipal broadband, even if it sounds like a slightly ridiculous one. Longmont didn’t vote to build a broadband network, or to raise taxes to one day build a broadband network, or even to undertake a study group to start thinking about building a broadband network. It simply voted that the city should have the right to decide what to do with largely unused infrastructure it built 15 years ago.
Community Broadband Bits 28 - Bruce Kushnick
If you think the United States cannot afford to take a fiber optic cable to just about every home in the country, you might be surprised to find out that we have already paid for it. We just haven't received it. Our first podcast guest in 2013, Bruce Kushnick of the New Networks Institute, explains the $300 billion ripoff.
Bruce and I discuss how the big telephone companies promised to build a fiber optic Internet in return for being allowed to increase their prices. This brings us to Kushnick's Law: "A regulated company will always renege on promises to provide public benefits tomorrow in exchange for regulatory and financial benefits today."
The telephone companies raised their prices, but decided to give the proceeds out to shareholders rather than invest in the promised networks. We got higher prices and DSL rather than the fiber optic networks we were promised. Our regulators largely failed us, in part because the only people who pay attention to Public Utility Commissions are the industries regulated by them and the occasional underfunded consumer advocate.
This is a very good introduction to why we all pay far too much for services that are too slow and insufficiently reliable.
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Thanks to mojo monkeys for the music, licensed using Creative Commons.