This would stop the currently exponential pace of growth from outpacing what society, and regulation, can adapt to. Thus avoiding the inevitable crash that will happen when we lose control of the exponentially accelerating train of technology, and it flies off the rails.
We’re trying pretty hard to slow down EV and green energy adoption as much as possible in my country, that count?
But seriously, in an ideal world this would be the role of taxes. Technology running out of control and harming people or the planet because too many people are making too much money off it? Tax 'em until its no longer worth their while to behave in those ways.
Taxes are one mechanism, but they don’t work if you let corporations get too big/powerful. Then you get regulatory capture, no matter how many anti corruption measures you bake in
Capitalism needs constant pruning to incentivize competition and align companies with the common good… And even that never seems to last very long
Hmm yes I can definitely see a formulaically determined tax rate serving as the break
this. taxes and regulation are part of a healthy economy. Its like excersising and eathing right. we have been a idle junk food eating economy for a long time now.