Earlier quoted context omitted.
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Funny, but this kinda implies that some person designed this way. It's a resultant sum of small vectors, with corporate lobbying playing a significant role. Corporate lobbying systemically can't do anything else than try to increase profits, which usually means less regulation. Clean slate design would require a system collapse.
Corporate lobbying can be for more regulation. It can disadvantage competitors. Zuckerberg has spoken in favour of greater regulation of social media in the past. The UK's Online Safety Act creates barriers to entry and provides and excuse for more tracking. I can think of examples, some acknowledged by the CEOs of the companies involved, ranging from British pubs to American investment banks.