I'm pretty sure you can't just launch satellites into orbit randomly without govt blessing it or stream data to ground stations legally (Eg: India doesn't like satellite phones), at a certain point Starlink could itself be the monopoly you dread.
And as anecdata, my Starlink connection that I've had since the beta days has been more reliable than Comcast or Centurylink that I've had at other places. I haven't even had weather cause an outage that I've noticed. It's at least good enough that most people won't care.
We are the only people who care, and understand why low latency and high speeds are important.
I watched a documentary about the 2008 earthquake in China; one city was completely cut off from the outside world in, and only one person in the whole city had a satellite phone—the mayor.
Paperwork isn’t required to launch a rocket, just to not get arrested later when they try to find who did it.