This is the key part. Many in the software industry still believes that the start-up mindset of break things move fast applies to us. The economy depends on software, governments depend on software, education depends on software, lives depend on software ... but we treat software as a toy where a new fancy image format is a reasonable change to make because our platform gets a little more fancy and for sure a little less compatible to lock-in users.
I am all for regulation, and it is coming, as the software industry has shown to be an immature risk-taking mess. But, it can be a more bearable amount of regulation if we exercise some level of self-constraint on how we break each new release of software.
If we keep blaming traditional business (education, accounting, grocery stores, etc.) for not "updating fast enough" to new trends, they are going to justly react to our demands on their thin margin profits and ask the government to stop us. When you do not know if your business will survive another month, to have to invest non-stop in new software without any tangible benefit is an unreasonable demand.
Software has become too important the past twenty years. It is time that as a industry we realize that and act accordingly.