Wrong. The problems come from regulation itself. From bureaucracies that freeze innovation, protect incumbents, and smother experimentation under compliance costs, etc.
If you let the tobacco industry self-regulate, smoking ads would still be legal, and there would be no ban on selling cigarettes to kids.
This is the situation in IT.
The problems also come from improperly regulated businesses, operating in the 3rd stage of encrapification where they stifle innovation that threaten their *opoly and the choke-hold they have on their captured regulators.
Every ideology and system is fundamentally flawed.
Worse, zealots (of said I/S) compulsively refuse to recognize that their own house needs cleaning. And they not only don't clean, they'll savagely attack anyone who attempts to do the needed cleaning (improve the ideology by addressing it's flaws).
No One Anywhere Will Clean Their Own House is an absolute human constant, right between death and taxes.