Federal regulators have unveiled new rules that would effectively abandon net neutrality, the concept of a free and open Internet. The proposal from the Federal Communications Commission would allow Internet providers like Verizon or Comcast to charge media companies like Netflix or Amazon extra fees in order to receive preferential treatment, such as faster speeds for their content. If the new rules are voted on next month, the FCC will begin accepting public comments and issue final regulations by the end of summer. "What we're really seeing here is the transformation of the Internet where the 1 percent get the fast lanes, and the 99 percent get the slow lanes," says Michael Copps, retired FCC Commissioner. "If we let that happen, we have really undercut the potential of this transformative technology. This has to be stopped."
