The problem is when only the entrenched industry players & legislators have a voice, there are many ideas & perspectives that are simply not heard or considered. Industrial groups have a long history of using regulations to entrench their positions & to stifle competition...creating a "barrier to entry" as they say. Going beyond that, industrial groups have shaped public perception & the regulatory apparatus to effectively create a company store, where the only solutions to some problem effectively (or sometimes legally) must go through a small set of large companies.
This concern is especially prescient now, as these technologies are unprecedentedly disruptive to many industries & private life. Using worst case scenario fear mongering as a justification to regulate the extreme majority of usage that will not come close to these fears, is disingenuous & almost always an overreach of governance.
