Comment by rkangel

I'm amazed no-one has used the term "Regulatory Drawbridge". It's a classic thing that happens in a number of industries - the big players push for more and more regulation. It costs them money and time, but it makes a massive barrier for new incumbents who don't have the cashflow and manpower to work through the regulatory process.

Medicine is the classic example, but it's happening in the tech industry too. The FAANGs of the world took advantage of an unregulated landscape, but now that they're in the castle they're pulling up the drawbridge behind them.

(sidenote - this is why regulation like the Digital Markets Act in the EU should be great. It's only a cost to larger businesses. In practice we're not yet seeing the changes that it should create).