What I see as wrong here is an AI witch-hunt. AI is a tool. And it would be the same as calling the baning the use of a car cause horses exist. Obviously the disruption is happening, which is always a good thing as it should lead to progress.
On the other hand, all kinds of technology have been regulated to minimize adverse effects. The trouble with software is that it is evolving faster than regulators can keep track of, and it is very hard to police even if regulated.