Earlier quoted context omitted.
Right. Heavily-regulated industries like banking, auto and healthcare are known for being so much better at treating its customers like human beings...
I haven't heard stories about bank's AI deciding to close a person's account, take all their life savings, and refuse any explanation, contact or cooperation. Maybe regulation has to do something with it?
2) No, regulation (or the lack of it) has nothing to do with it.
3) No one is arguing for the end of regulation.