'But that’s not the real story here. More important is America’s failure to keep pace with countries like South Korea despite absolutely astronomical investments in broadband technology.
According to a fairly recent book (2015) called The Book of Broken Promises, the American people have been charged some $400 billion by telecom companies (at the instance of government) for fiber optic upgrades that have not materialized. The author writes:
By the end of 2014, America will have been charged about $400 billion by the local phone incumbents, Verizon, AT&T and CenturyLink, for a fiber optic future that never showed up. And though it varies by state, counting the taxes, fees and surcharges that you have paid every month (many of these fees are actually revenues to the company or taxes on the company that you paid), it comes to about $4000-$5000.00 per household from 1992-2014, and that’s the low number.
You were also charged about nine times to wire the schools and libraries via state and federal plans designed to help the phone and cable companies.
And if that doesn’t bother you, by year-end of 2010, and based on the commitments made by the phone companies in their press statements, filings on the state and federal level, and the state-based ‘alternative regulation’ plans that were put in place to charge you for broadband upgrades of the telephone company wire in your home, business, as well as the schools and libraries — America, should have been the world’s first fully fibered, leading edge broadband nation.'
Read more: Americans Taxed $400 Billion For Fiber Optic Internet That Doesn’t Exist
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