Craig Newmark has posted a nice explanation of Net Neutrality, and why he says it’s “NOT about regulation”:
The people who run the infrastructure of the Net are Internet Service Providers, many of whom are large telecoms. They’re not really private companies, in that they use public properties to get a signal from one place to another. For example, they have to run wires through public “rights-of-way”, or they need to use public airwaves for radio style communication.
In return, we expect them to respect American values like fair play and a level playing field; no pay for privilege.