Is it the end of the Internet as we know it? That’s how some critics are describing a major federal court ruling. The court determined that Internet providers are free to block or slow down access to virtually any website.

Last summer, Time Warner blacked out CBS for several weeks in some places over a dispute over fees. Analysts say a similar scenario could happen with Internet service providers like Time Warner, Verizon and Comcast. People may also be facing higher charges for faster access to certain websites or features on a website.

Today on Shepard Smith Reporting, Dynalink Communications CEO Larry Fishelson called it a terrible piece of legislation and commended the court ruling. He argued that net neutrality – the idea that everything on the Internet has the same value – is not a good thing.

Fishelson argued that the Internet is a for-profit business in the private world, just like the cable business.

Smith countered, “So now people with money will have more access than people without money. And the whole idea behind the Internet in the first place was that everybody has equal access. It’s not just for rich people. Everybody has access. ”

Fishelson said, “I don’t think there’s going to be any changes. I don’t think there’s going to be any extra charges. I think that’s just a scare tactic.”

“Well, the whole Internet disagrees with you,” Smith fired back. “Who pays you?”

Fishelson noted no one pays him, before adding, “It’s a profit business. Not everything’s a necessity. If you can’t afford to get a certain product and you don’t make the money to get that product, then you can’t get that product.”

Smith left viewers with this message: “Everything is about to change depending on what the court rules next. Net neutrality is very near its end. If you care about the Internet, Google it while it’s still free.”