I don’t think this would work since most governments don’t understand technology well (just look at the Flipper Zero ban in Canada as an example). Technology has also been disruptive to existing industries (Uber, Airbnb, Netflix, etc.). I think traditional industries would just end up lobbying governments when they are challenged by new technology companies and we’d see less technology overall. That being said I can see the need for more tech regulation in a lot of areas (looking at you Apple), I just can’t see a blanket solution being the right approach.

The Amish have a society like that already, you can check out how it works.