No, he's saying that licensing or additional regulation isn't necessary when torts get involved (and states attorneys general get perturbed!)
These don't tend to utterly destroy an industry, but they are often successful in forever transforming it. Just ask Big Tobacco. No new laws needed: if your product hurts someone else, you're eventually going to be found liable, regardless of your arbitration clauses. Additional laws will just slow down innovation, which will itself cause harm (AI is already becoming quite good at recognizing melanomas, for example)
These don't tend to utterly destroy an industry, but they are often successful in forever transforming it. Just ask Big Tobacco. No new laws needed: if your product hurts someone else, you're eventually going to be found liable, regardless of your arbitration clauses. Additional laws will just slow down innovation, which will itself cause harm (AI is already becoming quite good at recognizing melanomas, for example)