Yes, the elephant in the room is that the laissez-faire internet of the US is doing irreparable harm to the US and much of the world. (Just one example would be the US's response to covid-19 because people can't distinguish fact from fiction)

I think one of the most important roles of a government is to say "no" to some parts of its society to try and make it function better. The EU is taking its first tentative steps towards fixing the internets problems. The US hasn't even acknowledged there is a problem yet.