This story was originally published here.
Internet providers have a vise grip on American consumers.
And because of this, we’ve become hopeless to change our own situation.
While many other developed countries pay around $25–35 a month on high-speed internet…
Americans pay $50 for the same access.
Even Canada pays only $35 a month.
So what’s causing this problems?
Well, if you’ve ever tried to get internet service in your area, you may be already aware of the cause.
Telecom companies oftentimes have what’s called a “natural monopoly” on areas of the United States.
It’s very expensive to dig up streets, lay down cables and hook up different towns for internet access.
And once a company agrees to do it for a new area, there isn’t much incentive for another company to do the same.
This gives the first company a regional monopoly over the area because no one else wants to compete with them.
Therefore, the company who gets there first can charge whatever they want from the new residents.
“And what are you going to do… cancel?”
That’s the exact mentality these telecom companies have.
They know they have you in a stranglehold. And they know that oftentimes you’ll need to completely move to an area with a competing provider.
The other consequence of this is they lock out Americans with lower income.
You would think that this would be the opposite case. It makes sense that states with higher income and cost of living would pay more for internet.
But because of the lack of competition, the poorer areas will often pay more, as illustrated in the graph below.
So how do we fix this?
Editor's Note: Click here to keep reading.
Apple Quietly Planning To Kick Off a $260 Billion Revolution?
If you’re invested in any 5G stocks right now…
Or if you’ve ever even considered investing in 5G…
You should know that Apple’s working on a project that could be far bigger than the iPhone.
And investors who act now could have a real shot at life–changing profits from this coming $260 billion revolution.
First, you need to know what’s expected to take place on July 28.
That’s when my colleague predicts a shocking announcement could be the beginning of Apple’s next tech revolution…
It all has to do with the patent you see here: