Who says that any single governing national body should ever have the right to be an all-but-unchecked international leader, the way the US has?
It's probably been a long time coming, and too bad it had to happen the way it did, but that seems to be the way these days in so many areas of US "leadership." We can't be trusted.
Political oversight is seldom effective, especially when you try to honor the rhetoric that everyone must be on equal footing. With such a plurality of stakeholders, any consensus is extremely difficult to achieve. Instead, you often end-up with a bunch of half-measures and nuisance regulations.
In my own ideal world, governments and their regulations stay within their borders and the "Internet" as a pseudo-entity is not regulated in any way.