The Economist, the Internet, Telecom and the Dow

Bob Frankston:

"Even the "high speed broadband" offerings are providing only a small fraction of what is technologically possible and its asymmetricity is modeled after the television network, not the peer connectivity of the Internet. The failure to understand what the Internet really is deprives us of economic opportunity at a time when it is most vital. Giving a dead industry an exemption from antitrust so it can keep the future at bay is the way to maximize the damage to the economy. It is a tragic misunderstanding with real and immediate consequences."

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