The market is already regulated, and it did not prevent that. Because you all are clueless about current regulations as you will be on future regulation.
We already have regulation against a politician doing seemly dumb things for the people. This is obviously a back room deal with some telco or do no evil Google. Yet, no place it was mentioned WHO signed/proposed the bill.
Unless you learn to pay attention to that little detail, which is the basis of current regulation, by votes or criminal prosecution, how do you expect more regulation to do any difference when the basic ones are already ignored?