How about a new policy all of us should advocate for:
Every time we bail out or give public money to corporation, the public should own the share of that company. If public own enough share of that company, it should automatically be turned into a utility.
Why does this headline read like some kind of clickbait advertisement?
Didn’t we already fund this shit?
Time Warner Cable reported 97% profit on broadband before. They don’t need anymore money.
We fund it every couple of years and constantly give the telcos tax breaks on piles of things like utility easements or looking the other way on a multitude of issues. For example, Verizon simply pre-pays for double-parking violations in NYC. In the end the telcos still flogging DSL on lines the government has funded for upgrades to fiber several times over.
Don’t forget tricks like how if a single house has minimal broadband then the entire zip code is considered “served”.
Wait a second. Didn’t we already give these companies money to upgrade their infrastructure??
I believe that they followed the letter of the commitment and ran fiber from hub to hub, but did nothing to take it to the last mile and let it all sit there. Google bought up a bunch of it for their Google fiber ISP. Google HQ in Manhattan sits stop one of these fiver hubs.
Sheesh I thought this was uplifting news until I thought about this perspective. I hope there is some sort of language in these grants that will hold ISPs at least a little bit accountable to build out actual networks.
I’m lucky to live in a town that has municipal broadband, so I pay a reasonable rate for gigabit fiber and it’s owned by my town so there’s less of a profit motive and no need to appease shareholders by cutting corners or using unfair pricing. I wonder if some of the funds from this program coukd be used by more towns to set up their own ISPs like that.
A lot of our criticisms on this plan is that we have tried the 400 billion dollars plan and the promise never materialized. So naturally, we’re a bit jaded toward corporations.
I agree that we need accountability and I suggested here that anytime we fund a company with public money, we should demand non-sell-able shares of that company (basically we never sell that shares and company will have to repay dividend to the public.) If we practically gave money to them that we would’ve own 50% or more of that company, that company should then be a utility since we literally paid tax money for it, it’s a service at that point.
It’s frustrating, because we are not only in an economic squeeze, we are also bleeding money left and right with money inflation going out of control.
