Another way to say this is that your parent may be suffering from lack of imagination. Stuff like this can (and should) be regulated. Consumer protection is a thing most jurisdictions do. In fact there are millions of possible markets which consumers would absolutely fall victims to, but government regulators prohibit it because of the harm it causes consumers. Government regulators can (and should) apply the same logic to AI, but they don‘t. There is not really a good reason why they don‘t other then some ideological movement towards ever greater neo-liberalism, deregulation, and laissez faire capitalism.