- What are they doing: force smaller companies to die or be bought by bigger ones.
- How are they doing that: They keep adding regulation so that fix costs and complexity to manage a company increase.
- Why are they doing that: having a lot of smaller companies is difficult and expensive to control. Usually it is impossible. Having a few big companies is easier and cheaper to control (you only need to book a room and invite a few ceos to regulate everything).
The fun part is that companies like Google, Apple, etc fake a fight against the regulators, but are actually the 2nd beneficiaries (1st being the regulators).
If you speak with seniors in the financial industry, they will talk about it with passion and anger because they can provide countless practical examples which killed their industry and the "joy" to wake up in the morning.
As an exemple, you can see how JP Morgan seems to fight regulation and make it appear to be a victim of regulation, but finally is always the winner.
https://www.bloomberg.com/opinion/articles/2023-03-10/bankin... https://www.reuters.com/business/finance/california-financia...