Err...

"the FTC's Internet Access Task Force accepted arguments posed by cable and phone companies that government intervention in Net Neutrality is unnecessary, as competition would prevent internet providers from taking advantage of customers.

“[...] chairman Deborah Majoras said. "In the absence of significant market failure or demonstrated consumer harm, policy makers should be particularly hesitant to enact new regulation in this area.”

So they *don't* want to pass legislation that *would* stop internet providers from "taking advantage of customers"?

Presumably, then, restrictive practices, cartels, oligarchies, price fixing and so on, all of which have turned up in other such industries and which represent "significant market failure" and "consumer harm" and which have required regulation to stop, somehow won't happen in this case and should not be pre-empted?

Err, yeah, right...