I think the more relevant question is: Do you want to live in a Chinese dystopia, or a European one?

If it's winner takes all for the first company/nation to have AGI (presuming we can control it), then slowing down progress of any kind with regulation is a risk.

I don't think there's a good enough analogy to be made, like your nuclear power/weapons example.

The hypothetical benefits of an aligned AGI outweigh those of any other technology by orders of magnitude.