Which leads to two problems with these ideas that we ought to wire entire nations with fibreoptic.

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The telephone through the computer and now fibreoptic networks have made arbitrage faster and cheaper and thus more profitable.

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So why would we spend billions (even tens of billions) on a soon to be outdated technology like fibreoptic broadband?

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Not at all in laying fibreoptic to every corner of the land: rather in putting in alternative, presumably mobile, solutions to the gaps in the current network.

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And I think that part of what is happening in China (and will in India etc) is that they never will have national line or fibreoptic based broadband systems either.

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