Funny, because from a European perspective I get the sense that SV libertarianism (accompanied by a complete lack of ethics) is leading to a backlash where people are demanding stronger consumer-, labor- and privacy- protection.
I would say the reaction in the real world tends to be "Oh, fuck, those regulations are good for something after all."
You are right in a sense. I think people are demanding more flexible, realistic and more consumer favourable laws. Rather than the rigid structures that are in currently in place.
I would say that they're just asking for new laws to meet the need of the moment, and I'm not even very libertarian. I mean, I'm sure they'd describe them the way you have but it's not clear to me that there's substance to the characterization.
I would say the reaction in the real world tends to be "Oh, fuck, those regulations are good for something after all."