At the Federal Communications Commission these days, Commissioner Michael Powell and his one-time protege Kevin Martin have introduced a new slogan: “What, me worry?” While the communications sector suffers though a crisis of stifling overregulation, the commission seems ready to accept an outbreak of litigious new rules at the state and local levels. As the FCC prepares to meet again Read More ›
Original article While the U.S. has supplied a meager form of broadband to 20 million households (20% of the total), Korea has connected some 11 million households (73% of the Korean total) with real multimegabit pipes. While the U.S. pretends that the Internet boom was a scam and a delusion, the Koreans now run one-third of their economic transactions through Read More ›
With deflation under control, the case for a U.S. economic comeback gets stronger every day. But the conventional wisdom is that two of our most important and hardest hit sectors, technology and telecom, have so much capacity and so little confidence that it will be many years before they return to health. Telecom investment is down 75% since 2000, there Read More ›
The latest numbers show U.S. economic growth at 1.7 percent in 2001, about the same as during former President Clinton’s first three years in office and half the rate during the tech boom of the late 1990s. That sure beats recession, but today’s pace is well under the growth rate needed to fully fund Social Security, Medicare and other obligations Read More ›
From the Bandwith online newsletter of Discovery Institute: Defenders of current broadband regulatory policy note that broadband deployment to date tops the pace of key consumer technologies of recent decades. Read the rest of the online newsletter here.
From the “Other Comments” section The most severe burden on the economy right now is the depression in high technology and telecommunications–our two biggest drivers of productivity growth and most important sources of national wealth and security. The Clinton-Gore telecommunications policy, which is still in effect, has been an unmitigated disaster. The Clinton FCC’s heavy-handed re-regulation of the industry is Read More ›
When Bill Clinton assumed office nine years ago, I predicted he would enjoy one of the greatest economic booms in the history of the world. Impelled by the spread of the Internet, the onset of fiber optics, and a tenfold increase in venture capital — unleashed by the lower tax rates and deregulation of the Reagan administration — the Clinton Read More ›
WorldCom’s impending $40 billion bankruptcy should galvanize Washington to this simple fact: For the last two years we have suffered not a mild recession but a technology depression. With 34 major bankruptcies so far and 24 more expected, the collapsing communications industry — 17% of the economy — is the prime source of a $4 trillion dollar decline in the Read More ›
WASHINGTON, October 23, 2001 – “A strong economy is a must if the government is to afford to wage war on terrorism, strengthen our homeland defenses and mount major public health initiatives,” George Gilder told senior White House staff, Congressional leaders and journalists on Tuesday. “Broadband is crucial, short-term and long-term, to reviving this economy–and imperative if we are to Read More ›
In a world of dumb terminals and telephones, networks had to be smart. But in a world of smart terminals, networks have to be dumb. Philip Hope, divisional vice president for engineering systems of EDS, has an IQ problem. His chief client and owner, General Motors, wants to interconnect thousands of 3-D graphics and computer aided engineering (CAE) workstations with Read More ›