An excellent point! But that is something that a billionaire may do. And often the answer to that is government action - see how often a government will actually take said action. It is something the government by its very nature will do, and there is no counterbalancing force.
The immediate rebuttal that comes to mind is that the government does not dismantle the billionaire's monopolistic scheme because of regulatory capture, and because the billionaire has effectively suborned the government. If you are about to make that argument, I suggest you introspect a little, as you would only be making my point; the "representative government" is not spending its resources according to the will of the people in any case.
The immediate rebuttal that comes to mind is that the government does not dismantle the billionaire's monopolistic scheme because of regulatory capture, and because the billionaire has effectively suborned the government. If you are about to make that argument, I suggest you introspect a little, as you would only be making my point; the "representative government" is not spending its resources according to the will of the people in any case.