Incumbent firms in times of industrial ferment tend to ask for regulation to crowd out challengers and shape the marketplace to their liking.

There's a whole intellectual tradition in the Marxist historiography from the 1970s and '80s analyzing incumbent firms' tendency to ask to be regulaled in times of industrial ferment, because, when regulators are captured, it is a way to crowd out challengers, and to shape the marketplace to your liking; also, to deflect, denude, and defenestrate popular political energy to actually regulate them in the public interest.