[majewsky]

> needs to be regulated but can't be regulated

There is no binary choice between "not regulated at all" and "completely regulated".

For example, just implementing a process for public scrutiny of algorithms and datasets may result in those building the algorithms and collecting the data becoming more aware of their biases. (That's "may" with a capital M, though.)

[candiodari]

What you mean to say is that politicians currently take decisions on things they aren't even remotely qualified to even talk about, then force it through with heavy hand, and therefore this won't change a thing ?

That's true, and despite that it will change things.