"A decade ago the U.S. ranked at or near the top of most studies of broadband price and performance. But that was before the FCC made a terrible mistake. In 2002 it reclassified broadband Internet service as an “information service” rather than a “telecommunications service.” In theory, this step implied that broadband was equivalent to a content provider (such as AOL or Yahoo!) and was not a means to communicate, such as a telephone line. In practice, it has stifled competition."
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Here's a Huffington Post article about the interent speed variations across the globe. A NYTimes opinion piece explains how American monopolies make Interent speeds and service vastly compromised.
Regarding this topic of slow Internet speed, Dan HL writes:
You have monopolies like Time Warner and Comcast running the show in the USA. They can charge a fortune for crappy service and get away with it because they have no competition.
http://www.scientificamerican.com/article.cfm?id=competition-and-the-internet
Posted by: DanHL | January 31, 2013 at 02:38 PM