This is not mutually exclusive with it being either hubris or regulatory capture. People see the world colored by their own interests, emotions, background, and values. It's quite possible that the person making the statement sincerely believes there's a danger to humanity, but it's actually a danger to their monopoly that their self-image will not let them label as a such.
It's never regulatory capture when you're the one doing it. It's always "The public needs to be protected from the consequences that will happen if any non-expert could hang up a shingle." Oftentimes the dangers are real, but the incumbent is unable to also perceive the benefits of other people competing with them (if they could, competition wouldn't be dangerous, they'd just implement those benefits themselves).
This is not mutually exclusive with it being either hubris or regulatory capture. People see the world colored by their own interests, emotions, background, and values. It's quite possible that the person making the statement sincerely believes there's a danger to humanity, but it's actually a danger to their monopoly that their self-image will not let them label as a such.
It's never regulatory capture when you're the one doing it. It's always "The public needs to be protected from the consequences that will happen if any non-expert could hang up a shingle." Oftentimes the dangers are real, but the incumbent is unable to also perceive the benefits of other people competing with them (if they could, competition wouldn't be dangerous, they'd just implement those benefits themselves).