I honestly thought this kind of reasoning was a right-wing caricature. No, it is not obvious that choices with risks attached should always be regulated away.
Disclosing information in proportion to trust is a basic life skill. I understand that many in the tech community are frustrated to see the general public failing to exercise this discipline, and maybe regulation is the best way to protect them from themselves, but that's not obvious.
>If the majority banks lost your money regularly, would you blame customers of the bank for using banks -- or would you say that banks should have stricter regulations to stop people from being screwed?
False dichotomy. You want a spectrum of financial products that depositors can choose from according to their risk tolerance. It's essential that we have stable, regulated, insured checking accounts. It's also essential that we have self-directed brokerage accounts.
>"just slapp[ing] some Amazon adds on [your] site" is not the correct approach to handling users' personal data.
A site sending your browser Amazon ads does not oblige it to execute or display them. And this isn't some secret backend upload. If someone is willing to use a site with this revenue model, why is that your business?