Hitting the Right Target
In several regions around the world, governments’ aspiration for the digital economy with universal broadband has run ahead of what markets and independent regulation can deliver. This is a threat to regulatory and market independence. At the same time, advances in computing and software do offer the tantalising prospect of delivering high capacity connectivity at lower cost, but only if we allow market participants to choose paths less trodden and let rewards reflect risk. What I call ‘ambitious incrementalism’ will not get us from here to there – let me explain.
- Wednesday, 01 November 2017