Broadband's Economic Power Derives From Reach And Speed

Pic from Time

For the generations to come a nationwide broadband network will spur innovation, productivity, growth and collaboration.

Cisco's CEO, John Chambers, wrote an article for the Mercury News over the weekend: "It's time to broadband our economy. The time to act is now. Doing so will not only help stabilize and stimulate a recovery but create the foundation for long-term prosperity and competitiveness."

Broadband has to be pervasive. And broadband has to have speed. As behavior is dictated by Internet speeds.

"Broadband's economic power derives from two sources. The first is reach — how many people are using broadband at work, at home and in the community. The second is speed — the speeds of the connection determine the impact it has on user behavior. We are all aware of how little things have changed over the years when it comes to broadband rankings for the United States. We continue to fall behind."

Source: John Chambers at Mercury Newsweek