And this would be bad? Frankly, I don't like the US controlling the worlds information.
The united states government doesn't "control the worlds information". Companys like Viacom have a grip over that.

The most the goverment still has a play at things these days is ICANN. DNS namespace has been given to developeing nations and even islands, yes... ISLANDS!! But the United Nations still wants control over it. And China has always been trying to section itself off as a fully separate network from the internet complete with its own network standards.