Does anyone truly believe that regulation is going to fix that in a way that leaves people the ability to freely express their thoughts -- something that is and should be a human right?

I think the real issue here is that social media has moved us to a place where people's real thoughts are visible to all, and the problem we need to solve is how society will work now that the genie is out of the bottle. Social media isn't the cause, it's helped us see the world more clearly.

Solving that problem is going to mean empowering people with the knowledge and tools to assess the quality of information they read and make decisions backed by critical thinking. This is a problem that needs to be solved by society, and expecting a governing body to prescribe to us how our society is meant to think is no solution.