I just don't understand why it's there then. We still have to elect the "failsafes" and define what a fail even is. It's just a more complicated version of what we already have. Having an AI make decisions that government shouldn't be involved with anyway isn't going to fix the resulting problems that come from having government involved. Government can't possibly optimize life for everyone. All it can do is pick who it wants to win and eliminate the rest. The only real solution I see is to remove government entirely from anything that isn't regulating force against citizens and property. Having an AI decide the most optimal winner doesn't fix the underlying flaws.

People should be left free to optimize for themselves (as long as they don't violate the property rights of others), not have government do it for them, AI or otherwise.

My issue is with what you think government should be doing. Having AI involved doesn't fix that for me. It probably just makes it worse.