Unless you live in a major metro area - where you might, if you're lucky, have two choices of cable provider - there's a reasonable chance you only have a choice between cable, ADSL over some neglected wiring to an exchange a few miles away, and satellite. So if you depend on having fast internet speeds, you're stuck with the one cable provider.
Also - it's not particularly uncommon that an apartment block is wired up for a specific provider and unable to get service from any other provider due to a monopoly contract the building owner signed. Then you also have that happening over entire areas in places, just with local Government signing the contract.
The best course of action on the part of the U.S. likely would've been to permit the AT&T monopoly to continue. AT&T's regulatory treatment at the time permitted it to set prices to ensure a reasonable return on its capital investment. That had the effect of creating an enormous incentive on AT&T's part to invest a lot in its network (the more capital investment, the more profits). As a result, the U.S. telephone system was extremely high quality for its time.
Keeping AT&T would've given people what folks on HN want: a wired network that was expensive built gold-plated.
This is because the national telco monopoly was broken up early into horizontal companies, rather than the "local loop unbundling" system in the UK (and I think other European countries).
LLU is a little strange because the lines are still owned by one company, so there's no choice of who does the maintenance and installation work (it's always BT OpenReach in the UK). But you do get a choice of what happens to your packets after they reach the DSLAM.
Even in rural Cedar City down south you have about 5 ISP choices. Though the highest speed looks to be TDS at 300MBps
Ive usually seen 120 MBps/$80 as the max but in my aforementioned building Comcast sent us a friendly email saying we were being upgraded to 200 MBps at the same rate, the day before our building announced the second ISP available at 100 MBps/$69. That smells to me a lot like they always had the capacity, but never turned it on until they finally had competition.
Note: It looks like Comcast has started offering a 2000 MBps connection for 299 a month. Maybe it was just a coincidence that they were adding new capacity at the same time
This is an effective way to maximize profit at little to no cost and is not uncommon in many markets around the world.
Yay, free market.
Wait, what? Never visited the US but I assumed you had the choice of providers, just as most of the rest of the world where internet is available.
I see the reason for this to allow ISPs to have infrastructure to collect data setup, so when some organization needs* access to it, it's already there and easily accessible.
* for national security or whatever