Wednesday, April 23, 2014
So long, net neutrality
This news is the worst. I realize it's a little more complicated than this, but not by much. (NPR's always wonderful Planet Money explains a few of the complications.) It's Econ 101: the marginal cost to Comcast of adding a new Internet customer is basically zero, meaning average costs continually decline, making for a natural monopoly, since laying competing pipes right next to someone else's would be ridiculous. The pipes for the Internet should be regulated like any other public utility. Instead, the US has the worst and slowest high speed Internet access in the world (only mild hyperbole) and it will stay that way for the foreseeable future.