The analogy isn't helpful because you're actively aware of the dangerous machine when you're close to it, whereas losing a password is something you unintentionally do because you forgot about it 6 months after setting it up. A better analogy would be ammonia refrigerators that occasionally leaked and killed people in their sleep, which are banned.

This seems uncharitable. Most people can intuitively understand the danger of a table saw. Just the sound alone sends a shiver up your spine even if you aren't a woodworking expert.

But we've conditioned users to accept a million dialog boxes to confirm random choices that are mostly inconsequential CYA.

No, but it’s perfectly fine for a company to not want to be in the table/chain saw industry if they have a brand identity around “just works.”

It’s unfortunate because apple has the cash and panache to take it mainstream, but they probably don’t have any market incentive to do so, at least until someone else figures out the ux that doesn’t cut clueless user fingers off.