So who owns the internet?

I remember one student recently posted on his dorm window
USA! we own the world.
Well! I don't have much to say but! go fix Katrina.

Internet hegemony and the digital divide Economist.com: "Many countries had wanted
to relieve America of its unilateral role in the governance of the internet and hand power to a new body under the auspices of the UN's International Telecommunication Union. Brazil, China and Saudi Arabia had called for a new intergovernmental forum with real powers and a policy-making mechanism for the internet. America had contended that this should be little more than a talking shop, devoid of formal powers, since existing mechanisms to co-ordinate the underlying infrastructure of the internet's addressing system are sufficient."