Deregulation sounds awesome in theory. But the devil is always in the details of actual application. Which generally has little resemblance to the theory. Deregulation of banks and financial services didn't work out so good, in my opinion. Because of the details. Deregulation of telecom hasn't worked out so good, in my opinion. Because of the details.
Deregulation is just a word. A misleading word. There will still be regulation. It will just be re-written to be more relaxed in certain areas. Typically, the new more relaxed regs will be largely influenced, if not outright written by, lawyers for the industry or companies being effected.
It's just putting the fox in charge of the hen house and giving it a name that free market folks reflexively support.
If should be called "New rules for internet traffic routing written by those who stand to gain the most from these changes".
- DAA