Who's regulating the internet in the US?
http://www.wired.com/threatlevel/2012/03/feds-seize-foreign-...
So it isn't competitive at all. Though it is honestly hard to be competitive with infrastructure - how would you go about having multiple redundant private highways going to the same place just to maintain competition so that one road doesn't milk toll rates and let the quality degrade because they have a monopoly? Honestly, the latter is happening even now with public roads because without any competition or monetary motivation states just let their infrastructure crumble.