Or drug money from selling to a foreign country

But that’s not what happens.

Greatest recent example is Elizabeth Warren. She supposedly wasn’t going to bow down to the big banks and wrote legislation to “help” the consumer. All she did was end up writing legislation that the big banks highly approved of, killed off many of the smaller banks and made banking way less competitive so that the consumers are suffering.

But if you get a coalition (example ICANN) to regulate stuff, you’ll get a better mix of both small and large companies.

And we’ve seen too much industry manipulation in government too.

But the big companies turning their platforms into absolute crap isn’t actually a problem for the industry. Other players will rise up (such as lemmy, kbin, mastodon, and other non activity pub sites) and make good platforms.

Regulation should come from the industry not the legislators. Legislators don’t know enough about it anyway and will end up just getting the biggest players to write it anyway.

But if the industry does it, certification would be voluntary and it would be transparent who wrote the regulation. Much easier for smaller players to contribute and shape it.

And the best part is that if it sucks, they don’t have to participate. And then they can try again

Anyone who actually cares about what reddit does has already left or is in the process of leaving.