Part of the naivete of the net neutrality argument was how it ignored the realities of the broadband industry and the role of capital. Broadband access to the internet has never been about the democratization of self-expression but about the commercialization of the exchange of information. Information comes in various forms whether it is scholarly work, news, or entertainment. As Ivan Seidenberg notes in this piece, the lines between media, telecommunications, and entertainment have been blurring for decades where the silos that once represented media, telecom, and entertainment have finally been broken down.
If investors who put their capital into these industries want to see higher returns, then acknowledging that these walls have broken down is the first step they should take. Pushing back against government actions that fail to recognize that breaking down these walls is necessary for capital to continue flowing to and growing in these industries should be the second thing to acknowledge.