Net Neutrality, Again
By Arnold Kling
Network neutrality makes competition and consumer welfare dependent on law and lobbying, not natural competition. So you’ve chosen the area in which the telcos are strongest on which to fight!
This is such an important point, and it applies to regulation in general. Regulation creates an evolutionary process in which the most heavily regulated industries become the most adept at manipulating the government. The skill set changes from economic competition to rent-seeking. Telecom firms are a prime example of this. I think that the insurance industry is another example.