That only works however if the parents or schools are capable of providing the required teaching, many (most?), are not. The games industry also goes to great

That only works however if the parents or schools are capable of providing the required teaching, many (most?), are not. The games industry also goes to great lengths to obfusticate and hide the mechanics - it is truly predatory. I agree that regulation is no panacea, but in this instance, combined with additional approaches such as education I belive it to be a suitable approach.