No actually. The best way to ensure growth is in exactly these kind of industries that promote innovation. Sure some companies don't make it but that's the price to pay for risks.
This is a classic case of optimising for the short term and forgetting the long term benefits
I believe that gives countries that act like China a significant advantage over relying entirely on a bunch of antagonistic billionaire monkeys banging on their economies in the hopes of bringing the singularity somehow. Again, we can agree to disagree here. But we're also forgetting that this is how the United States made Elon Musk happen in the first place.