Although there are also typically very good reasons not to regulate the industry, which will never be discovered if the industry is regulated.

For example, imagine that engines were regulated earlier, because steam engines could blow up and kill people. That's a good reason to regulate steam engines. But then we probably would have never invented other engine types like gasoline engines and jet engines. With that, we'd never have invented planes or flight, because a regulation steam engine would have been too heavy.

Why would regulating steam engines have led to never inventing other types of engines?

Because the engines would have to conform to the strict mandates of the regulations and any innovations would have to seek regulatory approval with the usual ‘regulatory capture’ rules in effect.

See: nuclear power

Steam engines were in a way self-regulated by industry in quite a few countries from about mid-1800s (because of the boiler explosion risks).

Oh no someone said something mean on Twitter. How ever will we survive.

The only reason why propaganda is so effective is because life is so terrible. No one bought USSR propaganda in the 60s that the US was terrible because people remembered growing up without electricity. A majority believe Russian propaganda about the US today because life expectancy in Thailand is higher.

These are not the good ones

The problem with "heavy regulation" for anything to do with tech is it puts you at a technological disadvantage.

The only thing AI regulation would do is hand AI supremacy to China. This is the case with almost every other technological development that we kneecap ourselves with, nuclear power, high speed rail, etc. We waste endless energy on bureaucracy while China is building.

And Moloch laughs in the background.