Because China isn't regulating content for 3x the population of the Untied States already. LOL.
Look, you want to be the typical naive millennial/hipster that is ok. That is your prerogative.
I'm a computer scientist my friend. I choose placing regulations on the companies that move to change the foundatios that the Internet was built on. It will ultimately cause massive problems when you try to set priorities on content moving through your network. It will only drive up costs for everyone; ISPs, consumers, and companies. It will hurt consumers and small companies. Not only that but it screws with the algorithms that make networks so efficient. The reason the Internet sucks is because the companies are more concerned about dividends and not the service they provide.
I vote for companies not being able to change the foundation of how the Internet networks are built. This will only create intranets that are controlled by the ISPs. Yes they are fueled by money which is a good thing for business... But you need to see that they don't have the heart of what made the Internet is in mind. I say this because they ARE making a MASSSIVE amount of money in terms of margins yet they have to ask for more?
I vote for not letting companies harm the great algorithms (technology) that has made the Internet such a success because they don't want to handle demand because ISPs are more worried about their stocks and dividends. Oh wait, the FCC screwed us anyways because they didn't unbundle the ISPs anyway. That's what the ISPs are afraid of anyways. They don't want competition.
I'm not afraid of the government regulating it because we as a population can get around it. Just because the close a door doesn't mean there isn't another.
Just because it does happen in China doesn't mean people let it happen everywhere. Look at Syria, they tried and failed. In China, actually a lot of them know how to get around the blocks the government puts in place. Have you followed the struggles of the students in Hong Kong? Do you think the Chinese Communist Party wants that to be leaked?
I'm not for letting companies tell me how to build an efficient network. Look at Google, they are making money off of being an ISP. Their hope was to break even, yet they are pulling a profit off of Google fiber. Oh... Wait, they don't have to prioritize content on their network? They don't have to charge Netflix more money because they are utilizing the service they paid for? Just because I utilize the resources I paid for doesn't give the companies the right to prioritize me or the content I consume.
Government regulates pretty much everything but they won't be able to tell you that you can't watch your porn, movies, news or anything. Freedom of speech triumphs anything that the government may try to regulate on the Internet.