The Fruits of Unrestrained Capitalism

Crawford book A worthy read about one of the many boondoggles that inhere in corporate capitalist normalcy. The basic facts include:

[Cable companies] are extracting enormous rents, enormous profits, from what Americans perceive to be a basic service. And the competitive argument they make is a complete canard. If you tried to swap out your wireless connection or use your wireless connection instead of a cable connection for let’s say, watching online video — so the average user of a wired high-speed Internet connection uses 50 gigabytes of data a month — if you tried to do that over a mobile wireless device you’d be spending $500 a month. That’s because you may get wireless at about the same speeds, but [there are] very low capacity caps, data caps, on the usage of that connection. So it’s not a substitute; it’s a complement. We love mobile wireless services. It’s never going to take the place of a wire.

What’s even more disturbing is that in other countries — I’ve visited both Seoul and Stockholm recently — they take these services for granted. For about $25 a month they’re getting gigabits symmetrical service, which is 100 times faster than the very fastest connection available in the United States and for a 17th of the price. It really is astonishing what’s going on in America. Americans aren’t quite aware of it because we don’t look beyond our borders, but we’re falling way behind in the pack of developed nations when it comes to high-speed Internet access, capacity and prices.

We “don’t” look beyond our borders, of course, for the self-same reason we “permit” our overclass to do what they do to us: The mass media, including what passes for journalism, are part of the same monopoly that uses the internet and other publicly-invented technologies as a profit ranch. The relevant comparisons are simply forbidden.