As many ponder rapid technological change--and especially those who cannot handle change of any kind very well--they often declare, "This is scary! The government must get control of technology and make sure it is for the good of us all, not the power- and money-hungry." That, of course, is the usual reaction to anything that has the potential to change culture as we know it, positively or negatively, whether it be the perceived greedy capitalists, robots threatening to revolt, or a hurricane on the Gulf Coast: the government has to take charge of this and fix it!
Well, I ran across a post today on the web site of The Mises Institute, a libertarian think tank, on this very subject. I'll reproduce it below but if you prefer to read it from their site, visit THIS LINK.
It makes perfect sense to me.