You are describing a colonial model, extract all the wealth while investing nothing in the local economy. That era is over.
If anything, Meta is the anomaly, not the role model. They should be required to invest more given their dominance, rather than being praised for extracting maximum value with minimum local footprint. Regulators will likely close that gap eventually.
"Exchanging goods and services for money to a locale" is not a colonial model.
I, a strawberry farmer in Florida, should have no obligation to create an office of locals in every geographic location I sell strawberries in.