Indeed. This is the essential difference between capitalism and corporatism (sometimes called crony capitalism). Corporatism is insidious. It enables established players to control markets by manipulating regulations through political favors and disabling competitors through predatory positioning or pricing. It's very unfortunate that many people (including myself in the past) throw out the entire history of prosperity building that capitalism has enabled by conflating it with corporatism. Much of the sentiment driving the distaste for disruptive innovation thinking it will cause a race to the bottom directly supports incumbent large corporations and corporatism. It's easy to fall prey to this, because the narrative can easily have compelling stories of the human harm caused by technical innovation.