Here is the nub of the matter: By choosing to regulate Internet providers as old-fashioned public utilities in order to enforce "neutrality" mandates, the commission will discourage private-sector investment and innovation for many years to come, if only as a result of the litigation that will be spawned and the uncertainty that will be created. And the new government mandates inevitably will lead to even more than the usual special interest pleading at the FCC, as Internet companies try to advantage themselves and disadvantage their competitors by seeking favored regulatory treatment.
The best historic illustration of this is the railroad industry until deregulation. The performance of the railroads since deregulation has been stellar by most measures. The return to putting the customer first, rather than satisfying regulators, has provided great benefit to shippers and consumers.