cigarettes don't cause cancer! -cigarette companies
If you claim regulation favors the incumbents, well take it up with parent commenter whose comment seems to imply that regulation is needed!
It is a form of regulatory capture.
These companies are not going to regulate themselves. Capitalism is going to drive them to relentlessly compete for growth at all costs, a lot of which would be imposed on society. At least they are honest that regulation is needed, unlike Big Tobacco.