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> regulated utilities, who are close to an extension of the government.

This is a good concrete example of something I often point out, which is that an extension of the government is what regulation is.




It's an important point, and one that many people miss. I often see people on the left complain about corporations trying to lobby the government for control, and people on the right complain about the government trying to control corporations, but the reality is that there's basically no distinction between the two.


There's a huge difference between large companies in regulated industries and startups in non-regulated industries (or even decent-sized companies in lightly regulated industries, like tech). And local/state governments vs. federal.




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