[...] the internet...a medium that's innovation exists largely BECAUSE of the lack of governmental regulation.

National Research Council, Funding a Revolution: Government Support for Computing Research, National Academy Press, Washington, D.C., 1999, Ch. 7: Development of the Internet and the World Wide Web:

The recent growth of the Internet and the World Wide Web makes it appear that the world is witnessing the arrival of a completely new technology. In fact, the Web—now considered to be a major driver of the way society accesses and views information—is the result of numerous projects in computer networking, mostly funded by the federal government, carried out over the last 40 years. The projects produced communications protocols that define the format of network messages, prototype networks, and application programs such as browsers. This research capitalized on the ubiquity of the nation's telephone network, which provided the underlying physical infrastructure upon which the Internet was built.

(emphasis added.) I s'pose that it might be considered “innovative”—even “radical”—to completely divorce taxpayer-funded research from “governmental regulation”. In RFC 3869: IAB Concerns and Recommendations Regarding Internet Research and Evolution (2004), Atkinson and Floyd note on p.3 “[I]f commercial funding is the main source of funding for future Internet research, the future of the Internet infrastructure could be in trouble.”