As far as I'm aware, no one wants government to regulate the internet - Net Neutrality supporters just want rules saying that ISPs can't regulate it either. The issue of censorship is irrelevant, and could even be made explicitly so, if that's what legislators who oppose Net Neutrality are actually worried about.
> [ISPs] are regulated by YOU!
Except in areas where there's essentially a monopoly, and the high cost of entry into the market is likely to keep it this way, where ISPs are free to abuse their market position for fun and profit.
> who’s regulating the FCC?
The executive, legislative, and judicial branches.
> which hypothetical scenario is more likely? The FCC overstepping its current authority, or ISPs delivering services that its customers are not happy about?
... I'm speechless.
> Regulation = Freedom only in George Orwell’s 1984.
And Upton Sinclair's "The Jungle".