It's a responsibility, probably (definitely, I think, but minimally probably) the most important job and responsibility one can have. If you're on HN, then you likely recognize the brain rotting effect of social media without moderation, and if that's the case, your responsibility is to parent to the minimum amount that you moderate your kids' usage.
honest question - do you really think that (most) parents do not know that it is bad?! This “CEO” stuff is not new, Steve Jobs famously said the same thing about his own devices…