Our neighbors to the north (Canada) has recently gone through a fight about the basic question and come down (G-d bless Mr. Harper!) on the side of non-capping.
Sadly, that's not entirely accurate. What they did was veto a plan that would have effectively mandated extremely restrictly caps and standardized overage charges on downstream providers. The CRTC is free to revise the plan and resubmit it. We still have some of the most restrictive caps anywhere in the world, and the government didn't lift a finger on the issue until there was a massive grassroots outcry. We're seeing no initiative from any party on the issue of internet caps or the broader issue of telecommunications (which is in dire need of reform here in Canada), which makes me afraid that a reworded version of the plan that just got vetoed will slip through shortly after the election
Here in Canada, there really isn't a monopoly going on
It's called a "cartel"
Look at the options we have in pricing models and services, and compare them with what's available in other countries. We do not have adequate competition. At all.
I expect this to become a secondary election issue in Canada.
I hope it will, but suspect it won't. None of the parties cared about the issue before the grassroots movement, they made a little bit of rhetoric during the height of the firestorm to show they were listening, and once the issue was no longer in the spotlight they moved on.
We really need an overhaul of our entire telecommunications sector, but there's no indication we're going to get it.
Local cable monopoly owns the ISP. People start cancelling cable due to Netflix being a better alternative. See a conflict of interest here? I certainly do.
We also have the same problem with the ones that offer phone services and Skype. They are terrified that television and telephone are going to go the way of the radio; rendered mostly irrelevant by the new medium. This is about shackling the internet to prevent it from competing with these services, plain and simple.
Even worse is the "video on demand" services, which use the same network resources as Netflix does, but are not subject to any bandwidth caps. This is blatantly anti-competitive, and these guys should be taken to task for their current policies, much less the abomination they're trying to impose.
but it should have been done like increasing children's privileges: a bit at a time, and 'prove you're handling it well at each step'.
Now this, I disagree with. A corporation's purpose is to maximize shareholder value. Telling them "we trust you, don't abuse it" puts them at a conflict of interest between their commitment to shareholders and commitment to society that you've just thrust upon them. The people charged with enforcing the rules and ensuring fair practices are followed should be independent from the corporations who must follow those rules. Anything less is a conflict of interest, and just asking for trouble.
If the regulations/regulators are redundant, outdated, or just ill-conceived to begin with, then by all means do away with them. If they fulfill a necessary role, don't get rid of them at all. It's like firing all the referees from a sports league and telling the coaches that they're in charge of calling penalties against their own teams. That's just plain silly, no matter how mature you think the coaches are.