Noah J Nelson on Wednesday, Dec. 4th
Parsing the speech of bureaucrats can be a full time job. Especially when it involves technical matters like the idea of Net Neutrality. That’s the principle that says all traffic over the internet should be treated with the same priority.
Right now the Federal Communications Commission’s official stance is that an open internet is a good thing. What “open” means, however, could be up to negotiation depending on how you interpret recent statements by incoming FCC Chairman Tom Wheeler, a former lobbyist, made at Ohio State University.
“I am a firm believer in the market,” he said. “I think we’re also going to see a two-sided market where Netflix might say, ‘well, I’ll pay in order to make sure that you might receive, my subscriber receives, the best possible transmission of this movie.’ I think we want to let those kinds of things evolve. We want to observe what happens from that, and we want to make decisions accordingly, but I go back to the fact that the marketplace is where these decisions ought to be made, and the functionality of a competitive marketplace dictates the degree of regulation.”