Why is American internet so slow?

The Week:

According to a recent study by Ookla Speedtest, the U.S. ranks a shocking 31st in the world in terms of average download speeds. It falls behind countries like Estonia, Hungary, Slovakia, and Uruguay.

How did the country that literally invented the internet fall behind so many others in download speeds?

It’s the same situation here in Canada – little competition means no incentive to get better/faster.