As progressive the term "Fourth Industrial Revolution" sounds, it's really regressive

Powering the Fourth Industrial Revolution with 5G | About Verizon: The arrival of 5G – the next generation of wireless networks – unleashes an opportunity for smart cities to take full advantage of the Fourth Industrial Revolution, where everything that can be connected will be and the full force of transformative technologies like artificial intelligence and autonomous vehicles will permeate where we live, work and play. What 5G delivers that 4G and earlier networks cannot are the blazing speeds and ultra-low latencies (data transfer delays) that allow massive amounts of data to be relayed between connected devices, systems, and infrastructure in near real time. In other words, 5G enables the super-fast response and data analysis that can allow driverless cars, cloud-connected traffic control, and other sensor-laden smart city applications to truly thrive.

As progressive as Verizon's use of the term "Fourth Industrial Revolution" might sound, it's really regressive. In the 20th century, the Industrial Revolution represented a major phase in settlement patterns, bringing masses of people to cities to work in centralized offices and factories. In the latter half the century, automobiles, cheap motor fuel and telephones sparked a second migration to the suburbs -- and with it daily commuting that now in 21st century is overloading 20th century era transportation systems and creating choking traffic congestion encompassing urban centers and suburbs.

Verizon and other telecom companies are talking up the potential of information and communications technology (ICT) and specifically a developmental 5G wireless technology to reinforce the metro commute pattern. Instead of a more progressive use: to replace it by more widely distributing knowledge work and other economic activity beyond costly and congested metro areas. That's truly a revolutionary use of ICT with far greater potential to improve people's lives.

The short term business models of Verizon and other investor owned telcos can't fully support that large scale deployment of advanced telecommunications infrastructure (ATI) because it would require significant long term investment in fiber optic cable serving homes and businesses in less densely populated areas of the United States. Lower population density means slower return on infrastructure investment that isn't tolerable to their shareholders. That's why a publicly funded and owned model of ATI is needed.

3 ways Trump administration telecom infrastructure proposal falls short

White House to unveil latest 5G push and rural broadband initiative - The Verge: President Trump and Federal Communications Commission Chairman Ajit Pai are expected to announce the administration’s latest plans to ensure US leadership in 5G and expand high-speed broadband access to rural areas across the country. On Friday morning, the FCC announced a new plan to roll out high-speed broadband to rural communities through the creation of the commission’s new Rural Digital Opportunity Fund. According to the FCC, the fund will “inject” $20.4 billion into broadband networks to connect up to 4 million rural homes and businesses with high-speed broadband over the next decade. “This is a critical tool towards closing the digital divide and will provide some of the critical infrastructure to connecting rural Americans with 5G technologies,” Pai said.

This isn't going to timely solve the America's problem of an urgently needed upgrade of its legacy metallic copper and coax telephone and cable TV plant of the 20th century to fiber to the premise for the 21st. The scope of which can't be narrowly described as a "rural broadband" issue. Rather than a simple plan to construct the necessary fiber, it follows previous subsidy program flaws:

1. Inadequate funding relative to construction costs dispersed over time frames far too long to catch the nation up to where it should be on telecom infrastructure modernization. A couple of billion dollars a year won't go far in a nation as large and diverse as the United States. A Deloitte study concludes the nation needs to invest $130–150 billion in "deep fiber" between 2017 and 2023-25 to provide sufficient bandwidth for premise and mobile wireless services.
2. Additional subsidies to legacy phone and cable companies with no universal service, quality or price strings attached.
3. Continued use of a speed versus technology definition of advanced telecom infrastructure that permits subsidization of metallic plant and and substitution of wireless infrastructure including still under development 5G wireless.