Unbelievable. Looks like our government has been taking notes from Cuba and China.
The FCC approved groundbreaking rules for the Internet on Thursday by a tight 3-2 vote along partisan lines.
Supporters believe the new ‘net neutrality’ rules will prevent large companies from consolidating control over the flow of online content, but critics view the move as a huge regulatory overreach. The battle between Internet companies and service providers has been heated, with big-time CEOs on both sides weighing in—including Netflix’s Reed Hastings, for one, in favor, and Comcast’s Brian Roberts, for another, against it.
But the two sides aren’t really at odds over net neutrality itself: They agree on the basic tenets of no blocking of basic Internet service. The difference boils down to the fact that the FCC’s new net neutrality rules reclassify broadband as a public utility—just as telecom companies are considered a public utility—under what’s called Title II regulation.
Proponents of the new rules say regulating the Internet as a utility protects consumers and innovation, but critics characterize the move as a huge regulatory overreach, essentially stifling innovation and restricting capitalism.
Stated analyst Craig Moffett at Moffett Research, “On the one hand, you have the Internet companies like Netflix and Facebook who are trying to ensure they have unfettered access to the consumer and that the consumer has unfettered access to them, and on the other hand, you have companies like Verizon, AT&T and Comcast who are saying they don’t oppose any of the net neutrality-related rules, but the legal framework in order to get there imposes all these burdensome regulations and the risk of government overreach.”
Read more: tpnn.com