Incumbent-Driven Regulation

I'm thinking of working on a major internet governance conference for next fall.  Please, everyone, talk me out of it.  It's an unbelievable amount of work; even the Nethead/Bellhead one-day no-papers no-presentations fest took enormous amounts of non-monetary resources to put together.  Why would I ever try that again? 

But tonight a wise friend of mine said, Well, I'm with you on the internet regulation front, because all regulation in this area is incumbent-driven and badly-done.  This reminded me of a cartoon in this week's New Yorker: