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The article is just flat out wrong. What makes oil special is that it cannot be produced. It is finite. Bandwidth can be produced. While we might be dominat
by mdasen 18y ago
The article is just flat out wrong.
What makes oil special is that it cannot be produced. It is finite. Bandwidth can be produced. While we might be dominated by a few companies, there is nothing stopping you from raising money and building out your own fiber. Yes, it's a massive undertaking to build a fiber network, but it can be done.
With oil, we can't make more of it as demand increases. We can lay more fiber. Likewise, a country without oil can't turn itself into a country with oil while a company without fiber can make itself into a company with fiber.
While we don't have a plethora of people owning fiber, if the price ever starts going up like oil, more producers will enter and the prices will stay in check. That isn't the case with oil.