Bandwidth is the new black gold

In a time where everyone has a iPhone, Blackberry or some other kind of smart phone we all take the simple commodity of bandwidth for granted. Bandwidth is the capacity to move information through a channel. The more information you move through the channel, the more bandwidth you use; hence video uses much more bandwidth than, say, e-mail. A bandwidth shortage occurs at any point when the demand to move information exceeds the capacity of the channel. When everyone at your school or surrounding area tries to view a video or check email online it will clog the channel and make service very slow.
At this time service from carrier AT&T for a iPhone runs around $100 a month. I should know because I regretfully pay for it every month. As more and more people jump on the smart phone bandwagon and gobble up more and more bandwidth the more this simple commodity becomes a necessity. The more it becomes a necessity the the higher it becomes in the supply and demand chain. This results from carriers like AT& T and Verizon being able to justify higher charges for service.

Things are to the point now where the government has even stepped in to regulate. Under the Obama Administration, the FCC regards bandwidth supply as an issue meriting national attention, and it has been formulating a plan to encourage home bandwidth. So many people are taking up so much bandwidth that carriers cannot keep up. We as customers are seeing the negative side with crawling service and dropped calls and in the end it will be use the users who suffer the most.
Someone will need to find a solution the the bandwidth problem before it gets too bad and everyone suffers from bandwidth withdrawal and just like a drug user we will crash and burn.