Comcast Reveals Throttling Practices

Comcast has finally admitted to the FCC what most had known for some time - they had been throttling certain types of traffic, particularly peer-to-peer activity. Comcast had repeatedly denied this type of behavior specifically, which leads me to ask if they were lying then, or are they lying now?

There are a lot of different opinions on whether there's actual need for traffic throttling due to capacity reasons. If you accept the position of most ISPs, that a very small number of users are choking the pipes, then a movement to bandwidth caps and a tiered pricing structure would quickly remedy that. Of course, users are accustomed to having unlimited bandwidth and up/down without limits, so that's going to be a tough sell.

I don't hear about these problems in other countries, such as South Korea, that has fiber optic cable running everywhere, including to the house, so is it possible that the popular American tradition of increasing revenue via false scarcity is at work here? Sounds remarkably like when Enron took certain power generation capability down in California awhile back to limit supply as a way to drive up prices.