> Constantly winning in a competitive environment with no runaway feedback loops[0] is evidence of cheating.
Right. How did Usain Bolt cheat? How did Michael Phelps cheat? How did ABBA cheat?
> any good profit-seeking actor will aim at becoming a monopolist in their market segment
Of course. And then hackers redefine the market segment to encompass that businesses product and ta-da, you have a monopoly. Like Apple.
If we're talking about real monopolies, then I couldn't agree more. But what hackers and the EU are doing is redefining monopoly in a dishonest way because they have personal grudges against a company.
> The donkey needs to believe they can win, so it keeps running, but it also can never be allowed to actually get their prize, because then it'll stop.
Here's something to blow your mind: The donkey enjoys running. Or let's take a real life example: sled dogs. They love pulling the sled. Entrepreneurs love working and love competing. Those who don't love it usually pull out of the game with their profits way before they have even national impact.
This is a huge divide in attitude I've seen everywhere in the world in my life. You have category X of people who see all kind of work as an immense suffering. They complain endlessly, do the minimum effort, and never get anywhere. And you have category Y of people who love working, because it's doing something productive and learning. That doesn't mean that they're satisfied with being abused wage slaves. Rather it is the first category who never advances in life, because they think it's all a scam. People in the second category also fail a lot because they take chances. But they usually get up again.
> Who's turning a blind eye to it? Fraud and scams are the base state of the market; it's what it decays to if left to its own devices. Regulations are there to counteract this tendency.
All governments and law enforcement seem to be turning a blind eye to it. About 50% of advertisements on Facebook and Instagram are outright scams, ie physical products from brand names that are advertised at bargain prices and if you "buy" it you will not get delivery because it is an outright scam. US and EU governments should fine Meta billions of dollars for having their main source of income from organized crime and fraud. But they are focused on completely irrelevant crap like app stores. Talk about sieving mosquitoes and swallowing camels.