Could you spell out the drawbacks of regulating the internet as a utility for the audience?
Not necessarily bad, to be honest. Pragmatically, it may be better than what we have now, but still pretty bad and not even remotely close to optimal.
The problem is like this:
They create the problem in the first place through the power of political authority (government), unsurprisingly as legislation in their favor accumulates they develop monopoly power and abuse it, along with all the other problems that come from monopolies/oligopolies, eventually there's back lash, people want change, but due to the profound ignorance and stupidity of the vast majority of the population they're unable to identify the root of the problem and support effective solutions, so to keep them placated and keep the game going, prevent things from getting so bad, to the point, where there's major backlash and it's instead genuinely socialized they throw them a bone and provide some regulation and oversight to curb the worst abuses, to make it appear as if they have the public's interest in mind, and make things bearable enough to where there won't be major
actual change, as opposed the false hopium fueled "change" perfectly demonstrated by the Obama legacy, such as repealing the policies that created the problem in the first place as opposed to applying band-aid, and then we're stuck with what I mentioned above: "the same half assed mediocre bureaucratic dynamic that drags on and stagnates for decades, with an occasional minor improvement thrown in." While still benefiting the major corporations/oligopoly as much as they can get away with.
And to make things even worse, this only brings the government power closer over the internet, allows them to become more deeply embedded, and makes it easier for them to enact their standard abuses. I mean, really, it's going to be
the same extremely corrupt government that has consistently benefited and been beholden to big money, the same government that the fucking
NSA is part of, along with the DEA, FBI, and CIA, and these are the people you trust to oversee and manage the internet? Well, good luck with that. Maybe Elizabeth Warren, Jill Stein, or Ron Paul will be elected and they'll all turn into angels and we'll suddenly become Sweden or Somalia (I kid).