It turns out that regulations are made largely by old lawyers, who are more connected and charismatic than smart and practical, and haven't operated in the real-world for decades.
[0] https://www.vox.com/policy-and-politics/2018/4/10/17222062/m...
Maybe that's the career path for aging programmers. Get a law degree.
I have created a post to discuss this further: https://news.ycombinator.com/item?id=17455017