Earlier quoted context omitted.
Except it was a disaster. The only reason the rule got put into place was because Verizon was found to be throttling Netflix. There's no reason to suspect they won't go back to it as soon as they can.
If there was ISP competition then a Verizon customer could switch ISPs if they disagreed with the throttling of Netflix. I would compare it to wireless which never had these net neutrality rules. Is wireless a disaster? It seems like mobile plans are constantly including more data at faster speeds at a cheaper price. Some (all?) of the carriers have various anti-net neutrality policies but consumers at least have the…
Read: https://www.washingtonpost.com/news/the-switch/wp/2016/10/26...
If becoming a successful ISP is too difficult for Google... then who is going to be able to do it? Who is going to provide the competition to the monopolies of Comcast, AT&T, and Time Warner?
In a system where preventing a monopoly (and ensuring consumer protection) through competition isn't possible, then that's where regulation is needed.
If you feel there is a better way, I'd be interested to hear about it.
EDIT: See my response about the possibility of Municipal Broadband here: https://news.ycombinator.com/item?id=15925827