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The U.S. has long been a world leader in technology innovation. Finding ways to profit from the Internet has been no exception. Think Amazon, Facebook and Google. But the next Google will not come from the U.S. Or so argues the author of a new book on the communications industry. She says we've allowed a handful of cable companies to become monopolies that stifle competition and innovation. Their monopoly status is also why Americans pay more money for worse Internet service than consumers in most other developed nations. Diane speaks with a communications policy expert about who controls Americans’ access to the Internet and why.
Excerpt from "Captive Audience: The Telecom Industry and Monopoly Power in the New Gilded Age" by Susan Crawford. Copyright 2013 by Susan Crawford. Reprinted here by permission of Yale University Press. All rights reserved.
Earlier this month, the House of Representatives passed the 21st Century Cures Act in a rare bi-partisan effort. The bill is meant to speed the development of lifesaving treatments, but critics warn it may also allow ineffective or even harmful drugs onto the market.