The light bulb ban is the result of crony capitalism, and the alliance between government and General Electric is the background for it. This sort of rent seeking involves both Democrats and Republicans. It was a Republican who introduced the bill to ban the incandescent light bulb (Fred Upton) and George W. Bush who signed it into law.
Adam Smith in Wealth of Nations (1776) warned of this:
“The proposal of any new law or regulation of commerce which comes from this order [that is, ‘those who live by profit’], ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.” [emphasis added]