David Reed says, "Not all laws come from governments. There is a whole body of “common law” that is generally accepted, transcending government. One such law is that you cannot steal a package that you’ve agreed to transport from point (a) to point (b). That is true whether or not there is a “contract”. It’s just not done, and courts in any jurisdiction, no matter what the government, will hold to that principle." webpage 
He makes a compelling case that the "inter" part of the internet works pretty well without governance by ITU or FCC or anyone else for that matter without looking inside the packets.