Does the Internet need “Governance”?

Dave Reed just published a vital piece concerning network neutrality. Everyone interested in the topic should  carefully read and understand  Does the Internet need “Governance”?

One additional example of “light touch” help for the Internet where government may play a role is transparency: the recent MLAB’s report and the fact that Cogent’s actions caused retail ISP’s to look very badly is a case in point. You can follow up on that topic on the MLabs’s mailing list, if you are so inclined. If a carrier can arbitrarily delay/deprioritize traffic in secret, then the market (as there are usually alternatives in transit providers) cannot function well. And if that provider is an effective monopoly for many paths, that becomes a huge problem.