last-mile

How Many Phone Services Needed?

If WorldCom goes bankrupt, will we have enough telephone companies? Do we have the right number of supermarkets, fast food restaurants and hotels? Neither you, nor I, nor anyone else knows, but the private enterprise market system sorts it out and gives us approximately what we need, where we need it. For each type of business, there is an optimum Read More ›

Choking Broadband

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 ›

Unleash Broadband

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 ›

George Gilder of Discovery Institute Tells Washington Leaders: ‘Broadband Is Crucial to the Struggle Ahead’

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 ›