This coming Thursday, Feb. 26, the Federal Communications Commission will formally pass its fourth set of regulations on broadband Internet services. It’s a sobering thought.

The Internet is working well, so it’s not obvious that the FCC needs to help it. American companies own 10 of the world’s 15 largest websites (Google, Amazon, and Facebook to name an obvious few); the United States has greater access to advanced cable and fiber networks than any large country except Japan; it was the first to deploy advanced 4G/LTE mobile networks; it has more smartphones than anywhere else in the world; and it exports more digital goods per capita than any other nation.