If you really want there to be a nightmare situation where private companies decide what gets to be a web site, just let Cloudflare keep doing this. You'll be left with a centralized internet run by 3 US-based CDN companies that only supports HTTP.

But yes, I absolutely do want private companies to make decisions like this. If Google didn't do this constantly, my search results would be a bunch of spam, scams and phishing attacks.

Requiring the police to get involved every time something bad happens (like a new phishing site) would be the end of the functioning internet and of our ability to enforce laws. Internet tech companies are absolutely expected to behave responsibly on a private level, and are given a lot of legal leeway on the assumption by the government that they will.