This would stop the currently exponential pace of growth from outpacing what society, and regulation, can adapt to. Thus avoiding the inevitable crash that will happen when we lose control of the exponentially accelerating train of technology, and it flies off the rails.
It’s never the hardware nor the software, it’s always the wetware that’s the problem. We just need to get our shit together. We can’t do that by losing our shit and freaking out over technological progress.