Giving control of the content of the Internet to one powerful global agency would bring results like two sides of a coin. From one side there would be some advantages, however from other side there would be disadvantages. In order to make a decision whether such agency would be good idea or bad, it is important to make a reasonable comparison between advantages and disadvantages.
Firstly, let’s examine possible advantages. In today’s world, it can be observed that there are some countries who have totalitarian governments. And those governments want to keep control of everything. That’s why they are censoring some internet activities. Current governments of some countries like Russia, China, Iran, Vietnam, Turkey and etc… are putting lots of efforts in order to monitor internet activities and they are using Internet for surveillance. The worse part is they mostly use defending the stability of country as an excuse. Such mechanism as one powerful agency which would have control of internet might be solution for such globally totalitarian governance examples. Of course, it is impossible to please everyone, but still one controlling mechanism would make lots of things easier. Since Internet took place of traditional media sources, newspapers and tv, it can be counted as platform for people to speak freely. However, governments who surveil Internet for their political benefits to keep domestic “stability” limit or even destroy freedom of speech as well. As controlling media channels give governments chance to keep them people under surveillance, they exploit any media sources, newspapers, tv, internet.
To sum up; having one controlling mechanism would have advantages for societies about speaking out about their opinions freely. By this way, governments would not exploit Internet for their political benefits.
On the other hand, such mechanism would bring some possible disadvantages as well. The first question would be; who will be in charge of that agency? Having such control would make lots of countries and even corporations eager to use it for their benefits. Countries and companies would try to create their supporters and lobby in the agency. It should not be forgotten that already there are some agencies which globally have controls over some issues. Recently there were scandals in those agencies about bribing or lobbying. In order to prevent such incidents, these agencies should be audited internally and externally as well. Another important point is whether all countries will be member to this agency or not. If not, then there should be some legal and political obligations or embargos to those countries who dont want to join.
In order to summarize, giving control of context of Internet to one powerful agency would prevent governments from keeping their societies under surveillance. It would help people to use their rights of freedom of speech. On the other hand, management of this agency would also have big matter, since it gives huge power, there should be some precautions as well to limit that control. It must be provided that every country gets represented in the agency in order to protect balance. There cannot be any difference between so-called first and third world countries.