Strong argument here. The distinction between policy-induced concentration and market-driven disruption is really underappreciated. I've noticed how easily the conversation shifts from "is this regulation needed" to "how should we regulate" without ever actually proving the market failure exists in the frist place.
I remember when so many feared the internet! My firm, a mutual fund complex, wouldn’t permit us to access the internet and no emails were permitted in 1996. By the time I retired, I had four coordinated flat panel screens literally screaming data my way. I was trying to use the ungainly mosaic and when the internet launched, content was just bad but, then, I am an analyst and want details. But then I started hearing about people being able to get their views out, and content heavy websites started up. People could conduct business more effectively and reach a wider audience. My main concern about AI is more in the area of ethics. Sovereign AI is a substack I follow for this reason.
Strong argument here. The distinction between policy-induced concentration and market-driven disruption is really underappreciated. I've noticed how easily the conversation shifts from "is this regulation needed" to "how should we regulate" without ever actually proving the market failure exists in the frist place.
I remember when so many feared the internet! My firm, a mutual fund complex, wouldn’t permit us to access the internet and no emails were permitted in 1996. By the time I retired, I had four coordinated flat panel screens literally screaming data my way. I was trying to use the ungainly mosaic and when the internet launched, content was just bad but, then, I am an analyst and want details. But then I started hearing about people being able to get their views out, and content heavy websites started up. People could conduct business more effectively and reach a wider audience. My main concern about AI is more in the area of ethics. Sovereign AI is a substack I follow for this reason.