Broadband is the perfect example. The private market has failed the US so far. At the beginning, we led the world in broadband deployment. But by 2004, we ranked an embarrassing 13th. There are many places, like Philadelphia, where service is lacking. And there are many places, like San Francisco, where competition is lacking. The result of the duopoly that currently defines “competition” is that prices and service suck. We’re the world’s leader in Internet technology – except that we’re not.
The solution is not to fire private enterprise; it is instead to encourage more competition.
Exactly! The problem is that competition is good for the consumer but bad for the business (it forces them to lower prices and innovate) — that’s why they lobby so hard to limit competition.