That's too idealistic. It never works out like that on paper. Without regulation, corps are free to resort to dirty tricks to DESTROY other competition and without regulation there's no sort of legal protection or otherwise for the average person.
When I think of this, I think of the television I watched growing up. The publicly funded
PBS showed quality educational programs that were appropriate for young children, yet not watered down or bowdlerized. Would you rather have your kids watching
NOVA or South Park?