Competition is a critical driver of innovation and openness under capitalist incentives. Google had virtually no competition for a long time and they predictably stagnated. That’s why it’s so critical to curb monopolies–there’s no way to “speak with your wallet” if the only choices are say Comcast and Spectrum. It’s also way easier to regulate effectively and fairly than reform economic incentives in other ways. I’d prefer a free market economy with a vibrant distribution of small-medium entities over a highly regulated marketplace with only a few behemoths. Ironically, corporate behemoths operate in similar ways to bloated government bureaucracies on the complete opposite end of the political spectrum.