U.S. High-Speed Internet Lags Behind on Price, Cost
"For less than $40 a month, residents of Seoul, Hong Kong, Tokyo, Bucharest, and Paris can enjoy lightning-fast Internet download and upload speeds of 1,000 Mbps. Compare that to the U.S., where the same money might buy you a comparably sluggish 15 Mbps/1 Mbps connection. Even in cities like Chattanooga and Kansas City, where high-speed Internet rivals the gigabit speeds found abroad, it still costs about twice as much, according to a new report from the New America Foundation's Open Technology Institute, called “The Cost of Connectivity.”
The reason for America's low-speed, high-cost Internet? High-speed Internet service providers have a monopoly in many markets, says Susan Crawford of Harvard Law School. That means there's little pressure from competitors or regulators to provide better, cheaper service. But in the absence of federal action, she says, mayors around the country are leading the way."