We regulate medicine, nuclear technology, television, movies, monopolies, energy, financial services, etc. because these things can be harmful if left solely to the market. Americans value honest work, dignity, prosperity and equal opportunity. Innovation is useful in so far as it enables our values - regulation is not counter to Americans interests, it protects them.
> We regulate medicine, nuclear technology, television, movies, monopolies, energy, financial services, etc.
Many of those regulations at the federal level, yes?
This is naive, productivity increases had decoupled from compensation a long time ago. See https://www.epi.org/productivity-pay-gap/ for example. AI certainly can create wealth, and in fact already did (hey NVDA), but somehow that did not trickle down. I think more likely than not, AI will further stratify our society.
The millions of people who use NVDA’s products do not get value from it? Isn’t it making their lives richer?