This is just regulatory capture. It is in the large companies interest to have burdensome regulation - they can shoulder the costs (which are often significant)

This is just regulatory capture. It is in the large companies interest to have burdensome regulation - they can shoulder the costs (which are often significant), but newcomers and smaller competitors can't. This is basically pulling up the ladder to prevent startups and protect incumbents, and the EU has been very successful at that. The share of large companies that have been created in the past three decades is very low compared to the US (mostly in IT).