Do you mean the same "labor-friendly" laws that pushed all manufacturing and labor intensive industry out of rich countries and into China, or do you mean the laws that made it impossible for small-medium business to compete with the big crony capitalists?

Never mind, it doesn't matter because it is completely orthogonal to my point. My point is that regulation works by applying top-down, global uniform of rules. It mandates centralized executive power, which is the polar opposite of bottom-up/localist/fractal/decentralized development of new tech and its applications.

"Making big companies pay" does not contradict "favoring the status quo". All that big banks want now is to be able to regulate crypto, so that they can keep away any threat of a disruptive business coming out of it. Same applies to Big Media and it is insistence of controlling information under the pretense of "battling fake news". Big Telco pushed for a long time to regulate OTT services, and this is until today it is so difficult to decouple voice from data plans. Facebook/ Twitter welcome regulation, because it will make basically impossible for small fediverse providers to grow and compete with them.

Regulation favors the status quo, how much more evidence do you need?