No one can deny the power and size of the AI coalition, an ensemble of Silicon Valley investors, lobbyists, and bought-off politicians; hucksters, carnival barkers, and gravy train chasers; and bosses gleeful at the opportunity to downsize and deskill. Unsurprisingly, this well-funded upheaval is outpacing any social, political, or ethical effort... See more

The railroads were supposed to introduce an age of competition, individual fulfillment, and small farming. But in fact what they did is they created large corporations—both incredibly competitive and monopolistic—that controlled the economy.

This is why trillions of dollars of spending with no clear path to utilization by the real economy is so concerning. Most will not benefit, because their competitors will benefit to the same extent, and neither will have a competitive advantage because of it.