Kind of a first mover problem. A lot of infrastructure was built 30-50 years ago. It’s barely maintained and rarely upgraded.
Other places like Asia and Europe heavily invest in public infrastructure regularly.
An example of this is internet service. Like 10-15 years ago, Thailand had pretty terrible internet speeds. Now bare minimum speeds are like 500mbs and all cellular coverage is 5G and similarly as fast. This is like $20 a month for home internet and similar for your cell plan. In the US, we have stupid regulations that keep from real competition in internet services and cellular services so we’re stuck with much more expensive and much slower speeds
Kind of a first mover problem. A lot of infrastructure was built 30-50 years ago. It’s barely maintained and rarely upgraded.
Other places like Asia and Europe heavily invest in public infrastructure regularly.
An example of this is internet service. Like 10-15 years ago, Thailand had pretty terrible internet speeds. Now bare minimum speeds are like 500mbs and all cellular coverage is 5G and similarly as fast. This is like $20 a month for home internet and similar for your cell plan. In the US, we have stupid regulations that keep from real competition in internet services and cellular services so we’re stuck with much more expensive and much slower speeds