Net Neutrality is the principle that Internet Service Providers (ISPs) should be impartial and neutral by proving equal service to all their customers. For example, this means that they cannot slow down internet services for competing companies (such as streaming services like Netflix), or speed up internet services for others on “fast lanes.”
Those who support the idea of Net Neutrality argue that without it, ISPs would have way too much power. ISPs would be able to slow internet to certain customers as they wished, and could potentially put competing companies and services out of business with this low quality of service. They could also raise prices if they know a service is in high-demand and requires a large band-width (like Facebook, for example). On the flip-side, if ISPs were to charge more to services that required more bandwidth, a smaller company that could be that big one day, would not be able to afford this higher price. The fair and level playing field that Net Neutrality offers is the underlying argument for supporters.
Those who are against the idea of Net Neutrality believe in the idea of a free market. These opponents believe ISPs have the right to distribute their networks differently among customers. With this free market structure, even if an ISP slows service for someone, or raises prices for customers using a higher bandwidth, that customer can just switch to a different ISP. This would force ISPs to strive for providing the best possible service to customers. Basically, opponents of Net Neutrality do not think it is right for the government to create laws that dictate too much on how ISPs run their businesses.
I believe Net Neutrality is a GOOD thing, since it creates an even playing field by fairly balancing the power dynamic between the internet service providers and the users of that service. Without Net Neutrality, as the supporters of it said, the power of the ISPs would be too large. With a lack of regulations, ISPs could do whatever they wanted, slowing internet for competitors, or companies who do not want to pay inflated rates. A free market would only work if you assume companies are going to act ethically, which is not an assumption you can always make. And as supporters of Net Neutrality said, a level playing field allows smaller companies to have a fair shot at competing with bigger ones.
Regulations for ISPs would have to be implemented to enforce Net Neutrality. To enforce these regulations, I think recurring audits of the service that ISPs are providing to their customers, to ensure they are equal in speed and quality, would work.
Since the internet is a public service, and available to anyone, its user should have as much opportunity to use it as any other user. The gatekeepers of the internet should not be able to discriminate. It is unethical, and Net Neutrality makes this idea possible.