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.
Very true, and that’s the reason why governments being “pro-business” (as opposed to “anti-trust”) is just pouring gas on the fires of inequity. Governments are supposed to regulate, tax, and incentivize businesses to act in a way that benefits the country overall, something we seem to have totally lost sight of in the USA decades ago.