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  • In July 2015, President Barack Obama announced a plan to bring high-speed internet to low

  • income households, calling it a “21st century necessity”. While telecom companies have

  • argued that most people don’t need high speed internet, consumers have shown their

  • preference for faster connections. So how well does the US fare in internet speed compared

  • to the rest of the world? Which countries have the fastest internet?

  • Every year, a leading internet research firm releases a list of the countries with the

  • fastest internet. The worldwide average speed is about 5 megabits per second, but there

  • are a number of external factors which affect actual download speed. To simplify: a ten-minute-long,

  • high definition, YouTube video would take about 3 minutes and 30 seconds to download

  • on a 5 megabits per second connection.

  • Now, despite the Internet being born in the United States, the US doesn’t even make

  • it into the top 10 fastest internet speeds. With an average 11.9 megabits per second connection,

  • that YouTube video would take about a minute and a half to download. By comparison, the

  • country with the fastest internet, by far, is South Korea. With speeds of 23.6 megabits

  • per second, the download would take less than 45 seconds. The next four are Ireland, Hong

  • Kong, Sweden, and the Netherlands, which all have speeds of around 15 to 17 megabits per

  • second.

  • So why does South Korea dominate internet speeds? Well, first and foremost, the South

  • Korean government began planning for widespread adoption back in 1995. By 2000, nearly half

  • of their citizens were connected. However, one of the strongest reasons is that the Korean

  • government deregulated internet service providers. This made it relatively easy to become an

  • ISP, forcing them to compete by lowering prices and raising speeds. In the US, there is almost

  • no competition amongst ISPs. Nearly a third of US households have either a single available

  • provider, or no access at all.

  • Additionally, South Korea has an extremely dense population. With 1,300 residents per

  • square mile, physical internet infrastructure costs less to install and maintain. In 1996,

  • the US attempted to institute widespread broadband infrastructure by allowing telecom companies

  • to charge consumers for future improvements. Unfortunately, despite charging roughly $200

  • billion dollars over the course of a decade, most of that money was collected in telecom

  • profits. Few improvements were made to internet service.

  • The differences in regulation, population, and competition are the major reasons as to

  • why South Korea dominates the US in internet speed. Since faster internet correlates to

  • more productivity, it is only a matter of time until the US starts to feel the effects

  • of crawling behind the rest of the world.

  • To learn more about President Obama’s plan to save the internet, check out this video.

  • (sound up) Thanks for watching! And don’t forget to like and subscribe for new videos

  • every day!

In July 2015, President Barack Obama announced a plan to bring high-speed internet to low

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