The chairman of the FCC today revealed a plan to reverse Obama administration policy that all web traffic be treated equally. Under two-year-old net neutrality guidelines, cable companies were classified as a public utility under Title II of the Communications Act of 1934. Chairman Ajit Pai wants to reverse that classification and essentially leave cable companies to self-regulate. According to Pai: Two years ago, I warned that we were making a serious mistake. It’s basic economics. The more heavily you regulate something, the less of it you’re likely to get. The argument against net neutrality is a simple one. If additional regulations are added, cable…
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