I certainly agree that most politicians don’t understand the internet. They, like many boards and senior corporate managers don’t have a clue how much commerce is completely reliant on the internet. I’m not talking Amazon or EBay either. I work for a financial institution and losing the internet as it is now would shut us down.
At best if such a scheme was implemented we would end up with some kind of software/hardware bandaid that big tech companies would sell as “totally secure”.
I think it more likely that politicians like Theresa May don’t give a damn about the evils of the internet. They are simply trying to use people’s fears and ignorance to get them into power. Plus I often wonder if they aren’t using a large sweeping concept like this that they know will get cut to ribbons just to get some small boring-looking piece of legislation passed that will feather their nest by allowing some telecom Corp to sell out their customers.