Net Neutrality Is Dead. The Internet Is Next.
— December 14, 2017
By Nicholas Economides
Yet Thursday, the FCC, under Chairman Ajit Pai, made a U-turn and abolished net neutrality. If legal challenges do not reverse the FCC decision, ISPs will be able to create a fast lane and sell “paid prioritization.” The word “prioritization” here is misleading. ISPs will not provide faster Internet access. The content of providers who pay fees to ISPs will be delivered at normal speed. But the content of those who do not pay will be delivered with delay.
In essence, the FCC has given ISPs the legal power to blackmail any content provider that does not pay them with the threat of a slowdown in service delivery. The FCC clearly has put the ISPs profits above the benefits of consumers and of the overwhelming majority of businesses.
Read the full article as published by Fortune.
Nicholas Economides is a Professor of Economics at NYU Stern School of Business.