The US has a problem of private industry infiltrating and co-opting government, and people largely normalizing it. The landscape for telecoms is simultaneously over-regulated with respect to allowing room for new players to enter the market, and under-regulated with respect to consumer rights. US regulations favor monopolies, and monopolies abuse their influence on regulatory boards to shut out new competition.

Regulation can mean different things to different people. It's just stupid, one-dimensional, shallow thought to try to paint all regulation with a broad good-vs-bad brush.