FCC Chair Julius Genachowski on the Future High-Speed Internet

Julius Genachowski, Chairman of the Federal Communications Commission, speaks to Judy Woodruff on how a broadband strategy for universal high-speed Internet will create jobs. Follow live tweets @dkthomp.

9:40: Genachoski makes a scary point. The U.S. is 6th out of 40 countries in access to high-speed Internet. But we're 40th out of 40 in the speed of our improvement. We should be the first country in the world to move from paper to electronic textbooks, he continues.

9:25: What the heck is net neutrality, anyway? Genachowski tries to answer the question. I'm paraphrasing from here on out... It's about preserving the freedom of the Internet. Right now, any innovator or speaker can use the Internet to reach anybody in the audience and anybody can access anything on the Internet. Recently, the FCC has tried to preserve that. The demand of spectrum from phones and iPads is outpacing the supply of spectrum. So we need to expand our capacity for information to reduce congestion and keep the Internet open.

9:15
Without high speed broadband infrastructure, you'll have smaller job creation. Most small businesses have local markets, but we can reach any consumer in the world with high speed internet. That's higher revenue. Access from high speed Internet also helps cut down costs by storing information and organizing it in the cloud. That's lower spending that firms can put to workers.

Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

The Blacksmith: A Short Film About Art Forged From Metal

"I'm exploiting the maximum of what you can ask a piece of metal to do."

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

Riding Unicycles in a Cave

"If you fall down and break your leg, there's no way out."

Video

Carrot: A Pitch-Perfect Satire of Tech

"It's not just a vegetable. It's what a vegetable should be."

Video

An Ingenious 360-Degree Time-Lapse

Watch the world become a cartoonishly small playground

Video

The Benefits of Living Alone on a Mountain

"You really have to love solitary time by yourself."

Video

The Rise of the Cat Tattoo

How a Brooklyn tattoo artist popularized the "cattoo"

More in Business

Just In