Well I'm not sure that's the point I would have taken away from your comment, but oh well...

What it comes down to (which is what it always comes down to in capitalism), is capital. Accruing (and facilitating the accrual of) and protecting capital is the main function of the state, so it's only natural that regulations to protect regular people at the cost of a fraction of profits of the bourgeoisie, would take decades to be put in place. If ever.

Same thing goes for social media and AI. We sit back and watch as it corrodes and destroys our societies, so a handful of multi-billion dollar corporations can report profits to their shareholders every quarter.

This isn't anything new, there are people way smarter than you and I that figured this out a long time ago... Just don't say his name or else nobody will take you seriously.