When the Fed was born in 1913, the big banks warned that without it we would have nonstop inflation, wildcat banking, bank failures, and endless business cycles.
When the Biologics Control Act of 1902 was passed, pharma warned that without it we would have mass injury from vaccines and rogue poison pushers.
When the Meat Packing Act of 1906 was passed, the corporate meat packers warned that without it, we would all be eating rancid meat and die.
When AI came to be regulated by government, the top players in the industry warned that without this oversight....see the pattern?