> It is also definitely true that the regulations are largely written by people who do not understand the tech

I kind of switched side on this after the silicon valley made it clear that they are in the king making business, and the kings they want are of the fascistic and not benevolent kind. Also, a big aspect of the "tech culture" (beyond the silicon valley itself) has been about focussing on what could be done rather than whether it should, and this "restraint" must come from "outside the tech bubble".