How can anyone pay lip service to free markets by regulating them?
The problem is that government regulates them as monopolies. They create the problem in the first lace by creating the monopoly, then offer to fix the problem by adding regulation. If it were a truly free market, without government sponsored monopolies, regulation wouldn't be nessary.
Look up the history of AT&T, how they were acting like a bully, but when the lawsuits began to have an effect and counter their actions, they begged the government to regulate them as a monopoly. If the government had just said no, they would have been brought to heel within a few years; the market would have worked.
It never ceases to amaze me how often I am amazed at people who cannot grasp this simple concept, that government specialized in correcting problems it created. Even that great social experiment, US alcohol prohibition from 1920-1933, was not ended by repealing the prohibition, but by changing outright prohibition to regulation.