Skip to main content

FCC Commissioner: Broadband Policy Crisis

The Washington Post published a commentary this week by FCC Commissioner Michael J. Copps entitled "America's Internet Disconnect." His points about the impact on the U.S. economy, and the need for a substantive national broadband strategy are familiar topics to me.

Back in January of 2002, I wrote an Op-Ed entitled "Lessons Learned: The U.S. Highway System" where I used simple analogies to explain the role of Economic TeleDevelopment in enabling all Americans to participate in the global networked economy. So, what is the progress since 2002? The following is a summary assessment from Mr. Copps article.
America's record in expanding broadband communication is so poor that it should be viewed as an outrage by every consumer and businessperson in the country. Too few of us have broadband connections, and those who do pay too much for service that is too slow. It's hurting our economy, and things are only going to get worse if we don't do something about it.

The United States is 15th in the world in broadband penetration, according to the International Telecommunication Union (ITU). When the ITU measured a broader "digital opportunity" index (considering price and other factors) we were 21st -- right after Estonia. Asian and European customers get home connections of 25 to 100 megabits per second (fast enough to stream high-definition video). Here, we pay almost twice as much for connections that are one-twentieth the speed.

Popular posts from this blog

Banking as a Service Gains New Momentum

The BaaS model has been adopted across a wide range of industries due to its ability to streamline financial processes for non-banks and foster innovation. BaaS has several industry-specific use cases, where it creates new revenue streams. Banking as a Service (BaaS) is rapidly emerging as a growth market, allowing non-bank businesses to integrate banking services into their core products and online platforms. As defined by Juniper Research, BaaS is "the delivery and integration of digital banking services by licensed banks, directly into the products of non-banking businesses, commonly through the use of APIs." BaaS Market Development The core idea is that licensed banks can rent out their regulated financial infrastructure through Application Programming Interfaces (APIs) to third-party Fintechs and other interested companies. This enables those organizations to offer banking capabilities like payment processing, account management, and debit or credit card issuance without