One of the reasons the Internet has been so successful is that it has so far escaped the restraints of Filipino judges, Tunisian government officials and United Nations bureaucrats. Addresses which are published onto the root servers can be resolved and their content displayed, subject to the restrictions of their publishers. The United States, by refusing to regulate the Internet, has occupied the position of an information central banker maintaining the coin of the realm. If lower court Filipino judges and assorted bureaucrats get their way, the pathways of the Internet will be subject to bureaucratic gatekeeping, conducted in the name of "governance". But the proper word would be debasement.
The moment the free flow of packets over the Internet is no longer substantially guaranteed, it will cease to be trusted. Companies which are building businesses worth billions over the Internet protocols would stop if they knew a relative of the Tunisian President had to be placated for commerce to continue. Applications such email, instant messaging, searches, e-commerce, online banking, virtual medicine -- to name a few -- would be at the mercy of bureaucratic caprice, not just in the United States, but in every swamp and backwater imaginable. In the end, governing the Internet, especially in the United Nations sense, might be indistinguishable from destroying it. But one can see how that would appeal to those who yearn for bad, bad old days.