kindofanger
http://www.indexmundi.com/world/gdp_%28official_exchange_rat...
Current global debt is in excess of 100 trillion dollars.
http://www.bloomberg.com/news/articles/2014-03-09/global-deb...
That alone is enough to illustrate the situation. If you must have a cherry on top, worldwide derivatives are likely in excess of 1 quadrillion dollars.
http://business.time.com/2013/03/27/why-derivatives-may-be-t...
Regulation is a nice thought.
I'd rather have Google, et al, provide a market solution to this, by aggressively expanding Fiber without regulation, and laying down a secondary network to compete with Comcast/Time Warner. As it stands this is starting to look more and more like an attempt to maintain power for the traditional shitty telecoms, while also taking a slice out of Google's pie.