With Google’s recent monopoly status being a topic a discussion recently. This article from 2017 argues that we should nationalize these platforms in the age of platform capitalism. Ahead of its time, in fact the author predicted the downfall of Ello.
Politicians are usually smart, just parasitic and destructive.
So this idea gets promoted by people from that loop you are describing here. What’s dumb? It makes sense that they are doing this. It’s in their interest. They are stronger than you and are forcing you into that bent over position. It’ll only be dumb if you can prevent them from succeeding.