Please study that graph. Forget South Korea and the Yoo Kay – Estonia has faster and cheaper broadband. Arguing that internet is as much a necessity as health care, David Atkins goes further: because health care and internet are necessities, they shouldn’t be subject to the vagaries of the free market:
Allowing a “free market” in such commodities isn’t free at all. It’s insane. It’s guaranteed to produce monopolies, high prices and terrible service. Which is exactly what we have in American healthcare and American internet: the world’s freest, and therefore worst and most expensive, markets in essential services…
…People who think “free markets” work in healthcare or the Internet are just as functionally stupid about economics as the most hardline Communist who thinks that the government should exercise full control of the toothpaste market. Most of the world understands by now that the second guy is a dangerous fool. But we’re at a weird point in history where the first guy undeservedly has more credibility. He shouldn’t–and he won’t for long.
I’d add “Social Security” to the list of essentials.