Net neutrality is on death row — Why we should let it die

[Commentary] In 2015 the Federal Communications Commission under then-President Obama launched Network Neutrality putting broadband under the same Title II regulatory framework as telephone companies a century earlier. In an open letter that year President Obama wrote; “Today’s FCC decision will protect innovation and create a level playing field for the next generation of entrepreneurs…” The word innovation doesn’t often come to mind when you’re talking about a regulated utility which is just what the government wanted to achieve with the FCC decision. Leading up to that decision and perhaps influencing its outcome were calls from internet giant Netflix that service suppliers like AT&T and Verizon were throttling delivery of content.

[David Nelson, CFA is the Chief Strategist of Belpointe Asset Management.]