Every regulator facing a fast-moving technology confronts the same impossible constraint: understand it, move quickly, maintain legitimacy — pick two. This essay traces the regulator's trilemma through the 1990s Uzbekistan capital markets crisis and contemporary AI governance frameworks, arguing that the structural asymmetry between regulatory capacity and technological velocity has no clean exit under current institutional arrangements. Essay 3 of the series Beyond Control: Theory of Limits of AI Governance by Oybek Khodjaev (INVEXI LLC, Tashkent, Uzbekistan). Full text: https://okhodjaev.com/essays/the-regulators-dilemma/
Oybek Khodjaev (2026) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: