Uh the government has always been in control of the internet, from day 1 when some dude at DARPA decided to fund it.
What is happening now is because companies are trying to rip it out of public hands and run it like they do many other dystopian services like say airlines and wireless telephony - pay through the nose for miserable service in an environment where there is a choice between a small number of service providers all of which are doing their best to rip you a new one.
It's true that government is incompetent - however you don't realize that this incompetence takes the guise of regulatory capture, oligopolies and corrupt politics.