At the start of an industry, there is usually lack of standardization and an attempt of legal monopolization. Such legal monopolization can have short-term benefits as it mutes volatility and leads to forced-standardization - effectively pulling-forward the efficiency from standardization.

This allows one to build an industry extremely fast.

In the long run, though, it has negative effects as it just extracts wealth.

-- an excerpt from the Saylor Series Episode 2 - the Rise of Man through the Dark and Steel Ages, its 2-minute version can be found here https://www.2minutebitcoin.org/blog/saylor-series-episode-2-the-rise-of-man-through-the-dark-and-steel-ages-robert-breedlove