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Net Neutrality vs. Technical Reality
penciling_in writes "CircleID has a post by Richard Bennett, one of the panelists in the recent Innovation forum on open access and net neutrality — where Google announced their upcoming throttling detector. From the article: 'My name is Richard Bennett and I'm a network engineer. I've built networking products for 30 years and contributed to a dozen networking standards, including Ethernet and Wi-Fi. I was one of the witnesses at the FCC hearing at Harvard, and I wrote one of the dueling Op-Ed's on net neutrality that ran in the Mercury News the day of the Stanford hearing. I'm opposed to net neutrality regulations because they foreclose some engineering options that we're going to need for the Internet to become the one true general-purpose network that links all of us to each other, connects all our devices to all our information, and makes the world a better place. Let me explain ...' This article is great insight for anyone for or against net neutrality."
Completely free unregulated markets only work when there are low barriers to entry, many suppliers, no external costs or benefits, perfect customer insight into the market, completely homogeneous and equivalent services being offered, zero cost of switching supplier, and no barriers to trade. The number of markets in which that applies can be counted on fewer hands than most people have.
This only holds true if your initial assumption is that business should benefit the customer more than the actual businesses themselves.
Mod parent up!!!