this is called shooting the messenger
here is the basics of life kid:
regulations, government, often screws up. and yet it is still far far better than no regulations and no government at all
when regulators are corrupt, malfeasance or ineptitude occur, etc.: you get rid of the bad apples. you cure the sick government
but what you never ever do, unless you are a complete moron, is get rid of regulations and government. because then whatever you complained about the government doing to you, is still going to happen to you. and now you have no recourse or way to fix the injustice at all
Oh, and if you believe "there isn't a technology made by man that cannot also be broken by another man", I'd like to introduce you to modern cryptography. Both your hypothetical men will be dead and dust long before a good cypher will ever be broken.
so, moron: technological progress is frozen in time to 2015?
I've lived in a country with barely any regulation and in a country with huge amounts of regulation.
For all its wild west atmosphere, I'd take the environment where I don't need a license to fart while walking down the street.