if so, then why should the pipes be privatized at all? in that case, the pipes should be built out and maintained at a governmental-level and leased back at a uniform/standardized price to all providers.
http://www.businessinsider.com/chattanooga-tennessee-big-int...
(The nodes on the other hand, of course, are continually improving)
Ethernet cable is a similar story. NICs have advanced tremendously, but Cat5 (defined in 1991) is still usually all you need.
And 100M ethernet over Cat5e is pretty useless. Standard WiFi these days is 150-300 Mbps. I regret not running Cat6 in to my extension just to be safe.
P.S. Cat5e can still do 1Gbps, just not over quite as great a distance as Cat6. Although Cat5e definitely isn't rated for 10Gbps (nor is vanilla Cat6 for that matter)