All your bandwidth are belong to us

America is fast becoming a third-world nation in almost every domain except the military. We are officially a banana republic thanks to our Banana Republican Preznit^TM.

Welcome to Pottersville: PAUL KRUGMAN: The French Connections

What happened to America’s Internet lead? Bad policy. Specifically, the United States made the same mistake in Internet policy that California made in energy policy: it forgot — or was persuaded by special interests to ignore — the reality that sometimes you can’t have effective market competition without effective regulation.

You see, the world may look flat once you’re in cyberspace — but to get there you need to go through a narrow passageway, down your phone line or down your TV cable. And if the companies controlling these passageways can behave like the robber barons of yore, levying whatever tolls they like on those who pass by, commerce suffers.

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