[taysic]

>What Facebook (or for that matter Google) does is not competition.

Why not? Being the first one in and the best at what you do is still competition. Most industries don't get disrupted by a competitor until there is truly some valuable innovation that happened. (ie look at Yahoo and MySpace)

Whenever the government starts to interfere it sounds really good on paper, but it typically is not in the best interest of the user. Existing corporations often use laws to then further eliminate incoming competition.