- Fairness Doctrine killed in the 80s, resulting rise of partisan AM radio and, somewhat later, Fox News.
- Media ownership concentration rules neutered in early ‘00s (iirc). More centralization, again in the hands of big capital.
- None of those rules ever applied to the Web, so when its power as a propaganda and agitation tool skyrocketed with increased use by normal folks (rise of Facebook; usable smartphones with the iPhone) that immediately headed bad directions.
Now we have LLMs, which are at their most-useful by far when you don’t care about accuracy or reputation—so, scams and propaganda getting a big boost in productivity.
He did nothing because he had no interest in doing anything to limit corporate influence or power. They put him in power, after all.