Comment by shirro

I think it is probably a bit of both.

There are some compelling reasons to regulate tech companies for the benefit of society and I often have no issue with the intention. The problem is governments invite the industry to design the regulations and it quickly turns into regulatory capture.

If vendors were to start locking out competition or further invade privacy it would upset government regulators but now they can point at another regulatory authority and claim they are forced to do these things to protect the kiddies.