People don't seem very good at learning that lesson (substitute video games/binge drinking/binge netflix).

Parents helping their children recognize the consequences, instead of insulating them from consequences can be beneficial.

The problem is when consequences take a long time to manifest - skipping/dropping out of school, never doing homework sounds great, but 10-15 years later, it causes major problems. Similarly, the benefits of diligent practice in whatever field take a long time to manifest.

These are places where loving guidance from a parent can make a big difference.

But on the whole, I also see your point. I remember as a child being friends with two siblings with particularly strict parents. Everything felt so regimented... there was a specific time on certain days of the week that they were allowed to "bring out the Nintendo" and it had to be away at a certain time, on the dot. I always felt really nervous being over there, like I was on the edge of being thrown out of the house for something or other.

One of the kids turned out great, the other got into drugs. Go figure.

Take advantage of the fact that your child probably doesn't understand false dichotomy and let them make A/B decisions with controlled positive and negative outcomes. Then hold them to those choices and negative outcomes, reminding them of the positive outcomes.