The new reality is that the majority of business has moved online. And there aren't enough legal protections yet. There are going to have to be.
Legal protections? For who? People who are being sued by big faceless corporations?
I would agree with what you said -
except that regulations only benefit the largest companies, they rarely benefit small time media companies, small time business, entrepreneurs, let alone consumers.
Any time you get regulations slapped on the internet, its always the most established entrenched interests, who can afford the lobbyists, and who seek to use their new found authority to squeeze out consumers and smaller businesses.
Thats how it works in this country, its a sick disgusting anti-competitive monopolistic attitude that ruins innovation, just look at all the trouble Microsoft got into years back.
As soon as that big media company has the law crafted in their favor, they will sue companies out of business for 'infringement' simply to beat a competitor, or get their cronies in some federal bureaucracy to short circuit innovation.
And now you get these big businesses like comcast and verizon who are trying to privatize the internet.
What tehy cannot do themselves, they will get congress to do for them, in the most bland of sounding legislation so that they can easily paint dissenters as anti-business.
If it were up to me, corporations would have to pay to use the internet, just like everyone else does!
They should be paying the public to use the network we paid for.
Same song and dance from corporate America, and we wonder why we are in another depression.