Originally Posted by Xritam
nothing would ever happen if the FCC had to go to congress to get anything done they are way to heavily influenced by lobbyist.
Telco's sponsors (American capitalism) pays its servants (elected politicians) well, but Bulgaria is a tough competitor, so they need more legislation & rules, while you don't watch, to even up the competitive landscape, which has worked so well in the past.
Why Your Phone, Cable & Internet Bills Cost So Much | Daily Ticker - Yahoo! Finance
"The telecos got the rules changed while we weren't watching," says Johnston in the accompanying interview. Basically, the phone and cable companies lobbied Washington to change laws and regulations to favor their business over their customers.
And remember the so-called "Information Superhighway"?
Over the course of the last 20 years, nearly $500 billion has been collected by the telecom companies to (allegedly) bring America into the 21st century with an "Information Superhighway," says Johnston. That works out ot $3,000 per household to have access to high-speed Internet.
But America did not get what it was promised and much of the country will never get fiber optic lines, Johnston tells The Daily Ticker. And even in cities that do have the faster service, the service is not always accessible.