If the latter, adopting net neutrality might be far too hasty a move
It wouldn't be adopting net neutrality, it would be reverting to the net neutrality (or something close to it) we had experienced up until January 15th 2014.
There might be cases where internet providers have abused their powers.
Indie ISPs Accuse Big Telecom Of 'Anti-Competitive Behaviour' - with Net Neutrality, ISPs have to treat all content you access online '
roughly the same way'. Now that net neutrality is gone, there will be more instances of the first story where large ISPs can delay or outright block competitor's websites
or anything that cuts into their profits.
Many ISPs are also cable television providers, and streaming or peer-to-peer sharing sites reduce their potential consumer base. Comcast has seen reason to
block access to the latter and French ISP "Free" along with Time Warner Cable have been accused of
slowing access to YouTube and Netflix (this one is rather long).
Without Net Neutrality, ISPs will have no reason not to favour their partners. Time Warner Cable and Comcast might provide
CNN and MSNBC respectively with high speed access and delay access to competitors like Fox News or independent news networks. However, these independent sites are not going to get any special treatment from any ISP, so when considering other mediums such as music sites, social media, sites like Armor Games, web publishing, etc it's clear to see that destroying Net Neutrality is bad for small business and effectively allows large corporations to dictate how the internet is run. AT&T and Google have both
blocked content produced by competitors, and Google struck up a sort of agreement with Verizon (dirty double crossin' *******s) in the hopes of dictating internet access and
allowing discrimination against competitors.
There are other issues, such as large ISPs (potentially) charging large fees to websites which want fast content delivery and leaving long load times to poorer (smaller, independent) sites which are unable to pay up. ISPs can now (since Jan 15) make even more money off their existing customer base without improving the quality of their service or the internet, by charging content providers for faster delivery and charging customers for faster access.
Once again, the petition is
here and I encourage you all to sign it.