That's what I've been saying for a long time. Some people say "it's just capitalism working as intended", but that's not exactly true.
A lot of the mechanisms of capitalism depend on competition. Capitalism without competition is no different from Communism or any other system in which one party rules supreme.
Incidentally Marx argument for why he believed a revolution would eventually become inevitable also depends entirely on competition: He argued that it is the ongoing effectivisation of capitalism through competition that will eventually trigger revolutions by making too many people unemployed and/or destitute.
This is why I question the idea that large social networks should be able to remove whatever they want. It would be nice if there were consumer protection laws to help balance the scales a bit. For example, some of YouTube's censorship and demonetization seem pretty aggressive.
A lot of the mechanisms of capitalism depend on competition. Capitalism without competition is no different from Communism or any other system in which one party rules supreme.