In: Economics
Outline the economic arguments for and against the regulatory rules known as “net neutrality”. More specifically, is it possible to argue that consumers will be better off from the removal of net neutrality restrictions on internet service providers? Explain
Answer: Net Neutrality: Network neutrality, is the idea that all types of internet services should be treated equally and not discriminate on user, content, website, and platform.
For: Freedom of speech and expression is promoted and businesses have the ability to post content without being censored, the Equal playing field, no additional charges for the content, no need to pay extra charges for data, it also protects innovation, supports competition from big companies to small startups.
Against: As bandwidth is limited and regulation will help restrict illegal use of the platform, providers may charge a high price, It would limit consumer choice.
Yes, it can be said that consumers will be better off from the removal of net neutrality restrictions on internet service providers as in this case ISP could not discriminate against any lawful content by blocking websites, they cannot slow down the transmission of data based on content,