I heard this interesting interview over the weekend on NPR (transcript in link). In it, the interviewee has this gem:
I was meeting with the vice president of the Communist Party in Shanghai, and I said, well, you know, what's your plan, sir? And he said, well, our five-year plan is to ensure that every man, woman and child in China has, at the very least, five megs of connectivity. And in all the top 10 cities, everyone's going to have one gig a second of connectivity. So I said, you know, sir have you thought about, you know, the unexpected side effects of giving 1.3 or 1.4 billion people a gig a second? And he says OK, I know what you're saying, I know where you're going, but here's the thing - the future of the human race, at least in this century, is ultra-high-speed Wi-Fi everywhere all the time. And it's going to happen whether you or I don't want it to happen or not. And because it's inevitable, we might as well get there first.
I live in one of the largest metropolitan areas in the US, and my only viable choices for internet connectivity are 3mbps DSL or Cable internet which is supposedly much faster, but capped at 250GB/month. The cheapest option of the two is $50/month. There are no signs of this changing in the next few years. At the current rate we're going, the US is pretty much doomed to be at the back of the line when it comes to internet connectivity. Think of the effects this will have on our economy in the medium to long term and gnash your teeth.