I respect your opinon, saw a similar article on it today. But I think people associate social media to an "addictive, self-centered" platform as oppose to a "free speech, closest to democracy, crowd source media, innovative" at large when it comes to kids (or adults) and that's often because of corporate incentives ie tik tok and ig. And it doesn't have to be a war between corporate incentives and govt blanket laws - its really up to the parents
I completely agree that kids are addicted to it, i often see parents who just dump their phones or video games to their kids to distract them. But I have also seen young kids who have figured out ways to help their parent's business and promote events with social media. Kids under 16 are not stupid.
I think giving parents the ability to tune that knobs of parental control would help them decide on what works better for their kids.