Allow me to explain by analogy:

  Why do we have this idea that non-democratic centrally-planned governments are these giant scary entities disconnected from real people? Majority stakeholders for state insurance, state healthcare, state pensions, state police, etc. are regular people. People calling for "democracy" want the public collectively to dictate the actions of what other regular people do with their money etc., but when you ask people in democracies if the electorate should take the *blame* when they pick a stupid government, they always say no and look at you appalled as if you'd suggest eating doggie biscuits.

To put it another way, why should society collectively make our pensions 1% better when the trade-off that entire categories of legal work, that our democracies have decided should remain legal, are made impossible to perform by the choices of a handful of private businesses that are big enough to set rules without being accountable to the democracies they operate within?