Ahead of next week's FCC en banc hearing at Harvard Law School to discuss network traffic management and net neutrality, The Wall Street Journal today published this article by me and George Gilder.
The petitions under consideration at the FCC and the Markey net neutrality bill would set an entirely new course for U.S. broadband policy, marking every network bit and byte for inspection, regulation and possible litigation. Every price, partnership, advertisement and experimental business plan on the Net would have to look to Washington for permission. Many would be banned. Wall Street will not deploy the needed $100 billion in risk capital if Mr. Markey, digital traffic cop, insists on policing every intersection of the Internet.