zlacker

> The higher your margins, the more attractive your market becomes to would-be competitors.

Only in very simplistic theory. :(

In practical terms, businesses with high margins seem able to afford government protection (aka "buy some politicians").

So they lock out competition, and with their market captured, price gouging (or close to it) is the order of the day.

No real sure why anyone thinks the playbook would be any different just because "AI" is used on the production side. It's still the same people making the calls, just with extra tools available to them.

>>justin+(OP)
This is also pretty simplistic. All the progress that's made on a variety of fronts implies that we don't have loads of static lockin businesses that bribe bureaucrats.

>>robert+Hs1
The ones controlling AI these days seem to be of that type though. :(

>>justin+(OP)
Literally every imaginable economic prediction could be countered with this argument: "That won't happen if the government legislates to prevent it!"

Weird that the field of economics just keeps on existing.