The Telecom Industry And Monopoly - 1887 Words

Qinhan Hu Econ 4333 Dr. Brown 4/21/2016 Book Review: Crawford, S. (2014). The Telecom Industry and Monopoly in Power in the New Gilded Age. London, Brilliance Audio. In the book, Captive Audience: The Telekom Industry and Monopoly Power in the New Gilded Age, the Author, Susan Crawford is discussing how a decade ago, United States was the benchmark for internet service provision. The U.S. boasted of the fastest internet speed, highest penetration rates, and the lowest prices in the market. The United States was then recognized as a leading knowledge economy. However, today, things have suddenly changed, a situation attributed towards lackluster government legislations that have given rise to new monopolies hence allowing countries such as Singapore, Japan, and Europe to overtake the U.S in terms of average broadband speed, penetration rates, and prices. This backslide has not only deprived consumers premium services and contents in a competitive global landscape, but also threatening to derail the country’s economic prospects. According to Susan, who is the author of the book, she believes that once upon a time, she was found in a fortunate position to decide on a television and internet package. Susan had a choice of two companies to choose from, and these very companies provided broadband connectivity, telephony services, and myriad of television channels than she could hardly afford to enjoy. Unfortunately, this particular choice of providers is only available to theShow MoreRelatedHistory Of Chin Chinese Government And Controls The Three Major Basic Telecom Operators1693 Words   |  7 PagesHistory of China Telecom Chinese government owns and controls the three major basic telecom operators and appears to see these entities as important tools in broader industrial policy goals such as promoting indigenous standards for network equipment. The reason for Chinese government divided into three carriers is China Mobile, China Unicom and China telecom these three carriers every action affects the hearts of hundreds of millions of consumers. CDMA is belonging to China Telecom. 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