Taking away the profits a company deserves for innovating a product as popular and essential as the Internet isn't "neutrality," it's more like being neutralized. Net Neutrality should really be called "Government-Imposed Internet Price Control."
Yes smaller content providers, and even some bigger fish like Netflix will get squeezed… at first. But it's those kinds of free market developments that spur more innovation. If service providers are allowed to charge more for better service, the push for better and faster broadband service will pick up steam. A smaller company or even a start-up will come up with a better "mousetrap" that provides even faster and better online service.
This is particularly good news for remote rural areas who have been bereft of higher speed Internet service for years. With more profit potential, all providers have a new incentive to expand those wires everywhere.
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As for the smaller content providers, this is also an opportunity. Instead of wasting their time and money complaining and lobbying the feds over this issue, they now have a clear incentive to make their content better and even charge more for it.
But this story is about more than just the Internet, it's about the continued dangerous pushback against the basic capitalist forces that made this country great.
Continued efforts to limit the financial rewards for everything from the Internet to medical devices are like a dark cloud hanging over us all.
Frankly, I don't want to live in a society that refuses to reward it's most essential service and goods providers based on market forces. High speed Internet is one thing, but where will we be when the drug companies stop seeing enough of a reward for developing life-saving drugs? If you think it can't happen, just look at the vaccine shortages we've suffered recently in this country.
Washington is still way too involved in the Internet arena, but if these reports about a step back from Net Neutrality are true, then we're hopefully stemming the tide just a little bit.
This is commentary from Jake Novak, the supervising producer of "Street Signs." Follow him on Twitter @jakejakeny.