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The Ugliness of Privacy Notices
You seem to approach this from the point of view that all of the moral authority is some kind of a smoke screen for the 'real' beneficiaries of the lobbying, which are large corporations behind those with apparent 'moral' authority. I won't deny that that occurs in some cases.
However, there is every reason to think that companies with quality products would embrace a certain amount of regulation to keep the 'bottom feeders' with unsafe products out of the market altogether. The reason is simply that sometimes, if you have a bad enough player, an entire business sector will end up being hurt by a couple of bad apples. So sometimes a whole sector will want to have better and increased regulation.
http://enigmafoundry.wordpress.com/2007/05/15/a...