This is it. We regulate drugs, so likewise the addictive algorithm needs regulation, but no lawmakers want to go after the oligarchs.

It's a vaguely similar situation to immigration. If the US really wanted to stop illegal immigration they could take care of the vast majority of it immediately with harsh penalties for any employer caught with illegal employees, but no one wants to actually keep immigrants out because that would be admitting to the fact that they're crucial to the economy.