Regulating the internet is as stupid as trying to stop the tide. The internet is beautiful because it's non-centralizing, simply put you have virtually no legal

Regulating the internet is as stupid as trying to stop the tide. The internet is beautiful because it's non-centralizing, simply put you have virtually no legal jurisdiction to take action against anyone or any website, usually because most are hosted outside of your country. However, every website owner has full legal jurisdiction to sue you if they fuck with your website. Basically put, you might own a few rivers but you don't own the ocean, do what you want with your rivers but you won't get rid of the ocean. Legislating against content or quality of service online will serve no purpose. Someone phishing card numbers will simply move their operation overseas to a country with no legal interest in the matter (in reality most phishing operations are hosted from countries most people doubt even have the internet). Once you start hitting websites of small businesses who can't meet certain standards (access for the legally blind, etc) or securities or whatever requirements are arbitrarily assigned, they'll simply host themselves in a foreign country. Introducing regulation into the internet will backfire dramatically, likely forcing major closures of many server hosts in the US. Once even a small percentage of users switch from US servers to foreign servers, then the US server prices will begin to spike, once the prices are uncompetitive then the US servers are closed. You've suddenly lost any ability to regulate anything. I really can't see the introduction of legislation doing anything other than making a country a no web development zone.