The Internet was always supposed to be federated/decentralized. The idea of megacorps centralizing all of your data isn't the Internet. And the fact that we live in the real world and the Internets servers exist in countries subject to various laws, there was no way a global Internet was going to ever be without any sort of borders.
The idea that the Internet is universally global and where your data is doesn't matter is idealistic fiction, not reality.