Most seem to be accepting these deals because it's the only way they can find a win, even if the other side of the deal makes them look weak within their party. Those who have strong enough values to reject them (Pritzker, Walz) have their cities invaded

Enshittification works in this case (and many others), not because there's a monopoly, but because people don't care enough to use what little collective power they have to demand change. If people don't care, investors brush off monetary risk of amoral behavior. There are no consequences

A huge amount of Musk's wealth could disappear tomorrow if there was any sort of coordinated effort among people with money to say "hey maybe we shouldn't invest in this person"

But the public doesn't care. "My audience it there," "the AI genie is out of the bottle," rationalizing ad nauseam