But regulation must not be viewed as a monolith. Especially in the realm of communication tools, where many good, pro-consumer pro-competition regulations exist. e.g. number portability for mobile providers, common carrier rules, etc)
(Disclaimer: Obviously not all comm. regulations are good, cough cough cable companies in America. But clearly some regulation of these entities is needed, so let's fix the regs rather than trashing them.)
My sense is that, with time as the X-axis and need for the state as the Y-axis, we're experiencing a downward slope.
I find it plausible (in truth I find it inevitable) that the state will crumble and that society will be better for it, especially in terms of corporate domination of everyday needs, which I believe that state empowers rather than "regulates."
On the other hand, you suggest "regulation" in response.
But, if history and the nature of the state are our guides we must conclude that state intervention is unlikely to produce healthy outcomes, since the state has been unable to craft any "regulation" in the face of a century-long opiate(-iod) epidemic other than a prohibition environment, which has been disastrous for public health and dynastically enriching for drug cartels.