Net neutrality benefits innovation and the greater good by limiting the ways in which Internet service providers (ISPs) can take advantage of their power over the Internet, an increasingly important utility. The Internet has become even more crucial since the FCC reclassified broadband access as a telecommunications service in 2015, thus effectively enforcing the principle of net neutrality.
The Trump Administration has made it a priority to rollback regulations, ostensibly, to allow market forces to nurture innovation and competition. The FCC’s repeal of net neutrality, however, will instead stifle real innovation while allowing ISPs to merely innovate ways to divide and re-package bandwidth in ever more profitable ways.
Regulations are meant to protect the pubic from market conditions that heavily favor one entity or industry so that the greater good is served. The regulation that enforces net neutrality accomplished that goal. The FCC’s decision to repeal it is misguided and will have deleterious economic effects until net neutrality is restored.