One issue that most of the web media (i.e. podcasters, tech news websites, etc…) seems to have a consensus opinion on is Net Neutrality, namely: the government should step in and regulate the internet to prevent companies from distributing bandwidth via free market principles. It’s for this reason that the term “Net Neutrality” can be simply defined as “government regulation of the internet.”

Be any measure, the internet has grown at a tremendous rate. Larger quantities of homes now have high speed internet access and people carry a bevy of devices with them that allow access to email and the web. The question then becomes, why would anyone want the government to start interfering with an industry that’s featuring such spectacular growth? Though I clearly cannot speak for everyone, most of the reasons are pretty standard anti-market feelings: the “big tel-co” will start charging more for content to be delivered faster and the “little guy” won’t be able to have his site viewed because it will take too long, or worse, the tel-co will block access to some sites all together. As is usually the case with people who don’t understand basic economic principles, these fears are misguided.

What we have with the Internet at this time is scarce resource. Despite its vast nature, there is in fact a scare amount of bandwidth available for people to utilize, and the most efficient way to distribute this bandwidth with is via the free market. If a company has the financial resources to pay more access to more of this bandwith, then that company should be allowed to access it. It’s simple distribution of a resource. What people normally fail to understand is, there’s a difference between there being “scarcity” in the bandwidth and there being a “shortage” of bandwidth. A common mistake is people are only looking at the existing infrastructure of the internet as it stands now, the cable companies, the DSL companies, utilizing cables to bring the internet into your house. This constricts the market too narrowly however as there are other alternatives such as cellular internet, possibilities for city-wide wi-fi, internet delivered via power lines, etc… that are all in different stages of development. The way people will access the internet in the future has potential to be vastly different from the standard set of technologies we have today. All ones has to do is look at the difference between dial up modems of 8-10 years ago and the speed of cable modems & dsl connections of today in order to see what kind of advances can be made.

Additional reasons against net neutrality include the fact that it’s unnecessary to make a law against monopolistic activities for a specific industry, when there are already laws against monopolistic activities on the books. The most important reason to oppose Net Neutrality, however, is that passage of such as law paves the way for much more heavy handed government regulation of the internet. It ultimately could result in a bureaucracy that controls the internet, much in the same way the FCC controls television. In this period of growth and innovation with the internet, the last thing it needs is governmental red tape.