The io9 article, "How the Google/Verizon proposal could kill the internet in 5 years," sums up net neutrality pretty well:
"But guess what's going to remain on the public net, the place where you go when you don't have money? Certainly there will be educational resources like Wikipedia. But mostly it's going to be advertisement-saturated free content from major entertainment comapnies. And of course there will be many opportunities to give your personal information to Facebook, or gamble away your non-existent savings on Zynga games. (Sorry - did I say gamble? I meant "pay for premium poker game content.") Put in brick-and-mortar terms: There won't be any produce markets on the public internet, but there will be plenty of liquor stores."
Google/ Verizon are basically proposing to gentrify the internet.
Read the whole article, here.