"...ISPs don’t actually build what they get the money for. One used hundreds of millions for trips, expensive food and wine, and luxurious parties while not actually delivering anything. The $200 billion handout in the Telecommunication Act of 1996 was supposed to fund fiber to the home. Instead:
> other countries made sure the money went into ground wiring and other upgrades. The U.S. lacked the regulatory will...and thus, the phone companies were able to simply spend less and not be held accountable."
And here's a newish example. This is the consequences of fundamentalist orthodoxy and foundational mythology:
"EPB wanted to build out its gigabit fiber network to many of these same communities using money it has on hand or private loans at no cost to taxpayers. It would then charge individual residents for internet service. Instead, Tennessee taxpayers will give $45 million in tax breaks and grants to giant companies just to get basic infrastructure built. They will then get the opportunity to pay these companies more money for worse internet than they would have gotten under EPB's proposal."
"...ISPs don’t actually build what they get the money for. One used hundreds of millions for trips, expensive food and wine, and luxurious parties while not actually delivering anything. The $200 billion handout in the Telecommunication Act of 1996 was supposed to fund fiber to the home. Instead:
> other countries made sure the money went into ground wiring and other upgrades. The U.S. lacked the regulatory will...and thus, the phone companies were able to simply spend less and not be held accountable."
And here's a newish example. This is the consequences of fundamentalist orthodoxy and foundational mythology:
"EPB wanted to build out its gigabit fiber network to many of these same communities using money it has on hand or private loans at no cost to taxpayers. It would then charge individual residents for internet service. Instead, Tennessee taxpayers will give $45 million in tax breaks and grants to giant companies just to get basic infrastructure built. They will then get the opportunity to pay these companies more money for worse internet than they would have gotten under EPB's proposal."
https://www.techdirt.com/articles/20170412/06311737132/tenne...