When It Comes To High-Speed Internet, U.S. 'Falling Way Behind'
The Internet is effectively making the world a smaller place.
And with people in Stockolm, Seul, and Beijing getting 100 time the bandwidth that we get in the US for a seventeenth of the price, its going to have an impact...
Uno
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.
On what's at stake
What's at stake is whether the new jobs, new ideas, new services of the 21st century will come from the United States or they'll come from Stockholm, Seoul, Beijing, where there are kids already playing in the virtual sandboxes of these very high capacity networks. They take them for granted over there the same way we take for granted electricity. It's a real risk to the country not to be the place where new ideas come from. That's always been our advantage as an entrepreneurial, individualistic society.
The Internet is effectively making the world a smaller place.
And with people in Stockolm, Seul, and Beijing getting 100 time the bandwidth that we get in the US for a seventeenth of the price, its going to have an impact...
Uno