Greater connectivity creates new business opportunities. Uber would be impossible without smartphones and reliable data. Netflix would be a DVD company without high-speed home internet.
When the FCC tells us we "don't need" better internet, it forecloses whole new categories of businesses.
However even better would be an actual /map/ showing you by area of ISP service, the fastest speeds (down and up) that an ISP is willing to attempt* (believe in a normal case they have a reasonable chance of success) to provide.
Then from that map, weighted by population density, reaching qualitative conclusions; such as mode average based on population, or the cutoffs at 20 and 80% of the population.
The reasoning is the same: by keeping the cost per unit as low as the customer will tolerate, you make more profit without building out more capacity.
If most customers of an ISP are currently on a 10 Mbit/s connection, do you think they'll pay 100x for 1 Gbit/s?
> ISPs want to maximize their profit, not the speed of their internets.
How this is contradictory? If you have faster network, you can have more people subscribing and paying more money.
And make no mistake, ISPs are a monopoly. Due to 1) the inherent difficulty of building a broadband network 2) a hellish patchwork of local regulations and government-granted exclusivity deals, ISPs function in a state of basic monopoly.
Densely populated areas can have multiple options for high-speed internet, but the market is not bursting with competition.
If you don't have to compete, what's the point of building out faster internet? Why spend more on investment without competition? Why not just focus on making as much money as possible off previous investments?