Not quite, but close. It allows ISPs to throttle the speed on non ISP originated data passing through their network. ie Verizon is my ISP. They are also the backbone for a large chunk of internet data from other providers. Under net neutrality both my data and other provider data must have equal access to the backbone. Without net neutrality, my data can have priority over the other data, or Verizon can charge extra for priority handling of any data.
Big companies will use this to drive small companies out of business.
It's like this:
1. Business travels on the internet, just like truckers travel on highways.
2. This would be just like allowing a few big companies to own all the nation's highways.
3. Then, as if that isn't bad enough, you let those companies choose who can travel the highways at different rates of speed.
4. They would undoubtedly charge the big trucking companies a lot of money to travel faster, and they'd slow down all the small trucking companies even more... to make their big clients happy.
5. If this happened with highways and trucking companies, it would drive all the small companies out of business, and wreck the economy... goods and services would only be able to travel through a few big trucking companies, and those companies would drive out all competitors, and then raise all the rates of shipping on EVERYTHING.
6. This is essentially what is now allowed on the internet.
7. The internet is FAR more important to commerce than physical highways and trucking companies.
Conclusion:
If you really cannot see the negative consequences, and how bad this is for the economy... that's fine... I won't be posting again.
Over the next 12 months you'll probably see some of your bills go up, some of your service go down, and some businesses going out of business... and over time it will get worse.
I won't be answering any questions or rebuttals on this.
Have fun guys.