Yesterday, Randolph May of the Progress and Freedom Foundation released an important paper you should know about. Unless there is a dramatic increase in capital spending in telecom, there is risk that the telecom network could experience a blackout similar to the power blackout that hit the NE coast last summer. In spite of Congress' effort to pin the blame for the blackout on a single person or single firm, the math of network theory shows that network failures happen for one reason - lack of redundancy. The Telecom Act of 1996, as implemented by the FCC, has undermined capital spending in the telecom sector to a dangerous level. The full report is available at http:www.pff.org
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