from the daddy-what-were-buggywhips? dept.
Death Metal writes "The phone network is thus not just a technical infrastructure, but a socioeconomic one. The more Americans abandon it to go mobile-only or make phone calls over the Internet, the more fragile it becomes: its high fixed costs have to be spread over ever fewer subscribers. If the telephone network in New York State were a stand-alone business, it would already be in bankruptcy. In recent years it has lost 40% of its landlines and revenues have dropped by more than 30%."
I cannot conceive that anybody will require multiplications at the rate
of 40,000 or even 4,000 per hour ...
-- F. H. Wales (1936)