Regulatory capture.
Be a big business.
Lobby (give money to) politicians to get regulated.
Make sure you have the money to implement the regulations.
Make sure almost no one else has the money or opportunity to get the money to implement the regulations.
Regulations force competitors out of business or make it possible to buy them.
Regulations make it impossible for anyone new to compete against you.
3) Profit
This time last year we had Meta burning millions on commercials saying “the laws for the internet were passed on 1996. That’s older than I am. We need new regulations to keep the internet safe.” Aka it’s not enough to buy all our competitors, we need to make sure no startups are even possible. We have the money and we want to make the rules.
Regulatory capture. Be a big business. Lobby (give money to) politicians to get regulated. Make sure you have the money to implement the regulations. Make sure almost no one else has the money or opportunity to get the money to implement the regulations. Regulations force competitors out of business or make it possible to buy them. Regulations make it impossible for anyone new to compete against you. 3) Profit
This time last year we had Meta burning millions on commercials saying “the laws for the internet were passed on 1996. That’s older than I am. We need new regulations to keep the internet safe.” Aka it’s not enough to buy all our competitors, we need to make sure no startups are even possible. We have the money and we want to make the rules.