That's an extraordinarily elitist view that, frankly, raises my hackles. It's worth remembering that the entire framing of entire political systems was and is done by non-technical "lay" people.
> It's simply not appropriate to assume that just because a lay person wants something to be true, that it must somehow be possible to actually do.
That's got everything backward. Regulation is about limiting technology's intrusion into our lives, technology that did not exist just short years and decades ago. Since we lived without this technology (by definition) since the dawn of man, clearly it is technically feasible.
The attitude above is basically arguing for a technocracy where the "lay" people just have to suck it up and accept whatever their overlords thrust on them. Hint: it's gonna be heavily weighted to those overlords making money and taking choice away.