Yeah, modern selective or “traditional” breeding uses completely novel methods of introducing diversity (including artificial mutagens), is done by exactly the kind of megacorps you are concerned about, and has less oversight or regulatory control than GMOs.
> So it's not "waay more random" as it has way more limited scope
No, it is way more random than inserting a known gene at a known location, and verifying he product in the ways done with modern GMOs. And the scope of genetic change in any one product is greater than in a GMO, not more limited.
My wife works in ag biotech, and has worked on both transgenic (GMO) and non-transgenic platforms.
> But it's like comparing playing with lego bricks to playing with creating stuff at the molecule level.
A less imperfect analogy might be that it's like comparing writing code by hand with a reasonably comprehensive test suite with making random bit flips to machine code until it passes a much more limited test suite. And just to be clear, the latter is the non-GM option.