A federal court has ruled that the FCC does not have the authority to force the service provider Comcast to treat all internet traffic equally, undermining the FCC’s “net neutrality” rule — which plainly overstepped the agency’s charter — and its ability to regulate internet service providers.

There are few issues more boring, or more potentially important vis-a-vis government regulation of commerce and communications, than ‘net neutrality.’ The short version is that this is a victory for free markets, and a defeat for regulatory overreach.

More here.