Captive Audience: The Telecom Industry and Monopoly Power in the New Gilded Age

By Susan P. Crawford

Ten years in the past, the us stood on the vanguard of the net revolution. With a number of the quickest speeds and lowest costs on the earth for high-speed net access, the state used to be poised to be the worldwide chief within the new knowledge-based economic system. this present day that international aggressive virtue has all yet vanished because of a chain of presidency judgements and ensuing monopolies that experience allowed dozens of nations, together with Japan and South Korea, to cross us in either pace and cost of broadband. This regular slide backward not just deprives shoppers of important companies wanted in a aggressive employment and enterprise market—it additionally threatens the industrial way forward for the nation.

This vital booklet through top telecommunications coverage specialist Susan Crawford explores why americans at the moment are paying even more yet getting less by way of high-speed web entry. utilizing the 2011 merger among Comcast and NBC common as a lens, Crawford examines how we've got created the most important monopoly because the breakup of normal Oil a century in the past. within the clearest phrases, this ebook explores how telecommunications monopolies have affected the day-by-day lives of customers and America's international fiscal status.

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First, the massive new inspiration in the back of the web used to be that its language—and language is all of the web is, a number of basic agreements that let desktops to “speak Internet”—facilitated a general-purpose international INTRODUCTION thirteen open community of networks that has replaced billion lives all over the world whereas changing into the one universal electronic platform for verbal exchange. moment, the cable and mobile businesses throughout whose wires net speak used to be flowing made a profitable concerted attempt to cajole the FCC to fully decontrol provision of the two-way, general-purpose communique on which the country’s monetary, cultural, political, and social lifestyles relies: highspeed net entry. This intended that the luck of the cheerfully disruptive actions taking place on-line turned fullyyt contingent at the generosity of the few huge businesses promoting entry. And 3rd, newly elected president Barack Obama appeared to remember that high-speed entry to the net used to be crucial for somebody desirous to take part successfully within the twenty-firstcentury international economic system. He prompt that nondiscriminatory, ubiquitous connections have been essential—or he looked as if it would. It regarded as though govt intervention to make sure world-leading, within your means, stressed open web entry for everybody will be a tremendous precedence for the recent management. issues didn't end up that method, for various purposes that i am hoping to clarify during this e-book, and the implications of this failure in coverage usually are a drag on America’s luck for generations. The February 2010 Senate Antitrust Subcommittee listening to became out to be a well-produced piece of political theater. It supplied a public chance for chosen rivals of the merger to warn in regards to the dangers to verbal exchange and tradition posed by way of the merger of Comcast and NBC common. yet David Cohen had performed his paintings good. all of the senators have been visited via well-primed representatives of the merging businesses, all of the proof have been formed through messaging experts—this merger is ready saving the NBC Peacock! —and not anything might switch because of any note spoken that morning. Roberts himself used to be correctly deferential and well mannered. because the listening to wound on, Roberts’s calm bearing contrasted sharply with that of patron advocates Schwartzman and Cooper, who regarded relatively unkempt and sounded faraway from calm, their voices strained with offended ardour as they spoke opposed to the merger. Schwartzman and Cooper understood what used to be at stake and did their most sensible to provide an explanation for the possibility the merger represented. yet they have been up opposed to a well-funded, decades-long crusade through the corporations concerned to unfastened themselves from executive 14 advent evaluation. the 2 males have been there to talk their half on a level that were set lengthy ahead of they arrived. Roberts by no means faltered throughout the listening to, and his functionality was once judged a hit via the alternate press articles that seemed day after today. The Wall highway magazine stated quite a few months later that he was once already buying a multimillion-dollar condo in long island urban inside of jogging distance of the house of the long run three way partnership, even supposing the deal wouldn't be officially authorized for an additional 8 months.

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