Above a certain level of power, I’m not sure it makes too much difference. Exercising power thoughtlessly will cause harm, it’s quite random whether it will cause more or less harm than exercising it maliciously.
When I was at MS, I looked at some of the ways incidental choices distorted the market. These often directly benefitted competitors. They also caused a bunch of random harm. I wrote a report with the title ‘how to use open source to empower our competitors’ which documented how the company was stifling the kind of competition that would undermine core businesses for competitors, while empowering projects dominated by competitors and giving them more market influence. I don’t think anyone outside of a couple of folks at the open source office read it.
The US government is an even bigger concentration of power. Exercising it without immense care will cause a lot of damage. Exercising it to intentionally harm a specific group is like using a flamethrower to kill a mosquito: it will probably work, as long as you don’t mind the collateral damage.