You’re looking at this backwards. For industries with high inherent risks, you at a minimum need a principled framework to set guardrails. We witnessed the devastation caused by not having this structure in advance of industries scaling to what once were unfathomable levels. For example, industrial farming and adulterated food prior to the FDA (see The Jungle by Upton Sinclair) and Ponzi schemes and other market manipulation strategies prior to the SEC (see The Great Depression).

Advocating for taking this approach with another new industry like AI, which has potential to scale far more than anything ever before, is inviting disaster at levels we can’t even fathom today.

It doesn’t take much to develop a principled framework in collaboration with the industry and continuously adjust it to make sure the goal posts are in the right place.