You've heard of trust busting? Get ready for trust... Trusting. The practice of somehow increasing competition in the marketplace by giving monopolies unlimited power to LITERALLY BLOCK THEIR COMPETITION FROM THE INTERNET.
Not just competition either, big telecom companies can block out any idea they disagree with. Netflix, hulu, bittorrent, Tor, VPN services -all gone.
Do you want to cancel your AT&T landline and go mobile? Get ready for Tmobile.com to permanently redirect to at&t wireless.
Do you want to support a candidate who will fix the laws? Good luck doing that when that candidate's website, Facebook, and twitter feed each take 4 days to load (and are covered in extra ads that comcast injects over the old content, ads that even include your name, home address, browser history, and any files you've ever transmitted online - because all that data can now legally be saved and sold by your ISP.) It's easy to see why the government would change that though, they don't need a surveillance warrant if they simply buy that data.
Nobody I the history of mankind has done more to destroy freedom of information. The ramifications of all this will negatively affect the entire world. Ajit Pai is legitimately the worst person in America - quite possibly the worst American who's ever lived.