This is part three of my explanation of how America went from having the fastest and cheapest Internet service in the world to what we have today -- not very fast, not very cheap Internet service that is hurting our ability to compete economically with the rest of the world. Part one detailed expected improvements in U.S. broadband based on emerging competitive factors, yet decried that it was too little too late. Part two explained how U.S. broadband ISPs are different from most overseas ISPs and how those differences make it unlikely that we'll ever regain leadership in this space. And this week's final part explains that this all came about because Americans were deceived and defrauded by many of their telephone companies to the tune of $200 billion -- money that was supposed to have gone to pay for a broadband future we don't -- and never will -- have.
