and again, how does that faster internet help them compared to our internet?
In all honesty, it not much. Many people don't understand internet speed and how it works. One of the things I always laugh at is when people spend extra money to buy a modem or wireless router because the more expensive one is "faster." Hardware will not make your internet connection faster than whatever speed is traveling through the coax cable. The "slowest" modems and routers nowadays actually handle well more speed than the typical home internet connection (which is going to usually be around 20-25 Mbps). It's even funnier when they take that expensive hardware home and connect it to a splitter so that their cable and internet can run off the same inlet. That splitter just reduced your internet speed by half.
And no matter how fast your internet connection, your internet experience will always be limited by your machine's processing power. Of course, if you're using a laptop with a relatively modest processor connected to a wifi connection at about 15 Mbps you can still watch netflix HD content without any substantial lagging or interruption. But what the hell, let's just pay for more unused capacity anyway!
Once upon a time the internet was very lightweight and came to you over a phone line. One of the keys to skillful design of web pages was to avoid making it too heavy, and too demanding of bandwidth, thus slowing down the user experience. DSL was great because it minimized the loading times. But people are stupid gluttons. The drive for faster and faster internet connections has not substantially improved the user experience. Everyone thinks their internet is slow when the truth is
your internet is being bloated out of control. Monstrously bandwidth heavy websites, loaded with an abundance of spyware that collects sellable data about your browsing history and habits, intrusive advertisements and pop-up blocker workarounds, and flashy drag-and-drop "features" are now the new norm. There is so much data that is now crammed into a web page that used to be 2 kilobytes in notepad that
so called "high speed" internet in 2015 often takes longer to load a standard page than the internet of 2000.
The only thing faster speed seems to do is to create more room for more bloat.