We've heard it before; unless (opens in new tab) there's a massive cash injection in the telecommunications sector by 2010 - USD 137 billion to be precise - the Internet as we know it could "break down" probably because the tubes (opens in new tab) are clogged.
That's what an independent analysis firm, Nemertes Research Group, reckons in a study that indicates that demand for bandwidth is growing at a much faster pace than what is currently supplied.
In the US alone, around USD 55 bn will have to be invested in internet backbones - which provide the fat pipes needed to keep the internet running.
What hasn't been said is that the report was funded by the Internet Innovation Alliance which regroups a number of telecommunications companies (including Level3 and AT&T) which have a vested interest in getting money (public money if possible) to solve a problem called "exaflood" (opens in new tab) which is the virtual flooding (opens in new tab) of the internet by immense amounts of bits and bytes as more and more people consume more and more videos
As DSL reports (opens in new tab) put it, "these companies don't get exactly what they want from lawmakers in Washington, the entire Internet collapses and we're back to using soup cans and string."
But let's be honest, the Co-inventor (opens in new tab) of the Ethernet and founder of 3Com, Bob Meltcalfe himself predicted back in December 1995 that the internet would collapse in 1996 .... 14 years before its predicted death.
The Net Neutrality (opens in new tab)debate was detrimental to the telecoms companies, they are now charging back with yet another excuse to get massive investment.