His point was going after newer and smaller companies is a joke when larger companies are basically getting away with murder, or more accurately doing nearly the same thing you're punishing smaller companies for doing (at a larger scale)
As a citizen of a democratic country I still prefer the laws dictating what is harmful rather than a CEO and a member of the government unilaterally.
And if something goes wrong use the tools from a democratic regime to change it. Even with its drawbacks democracies are the best system known to rule countries.
