21 hours ago
- The fear of AI monopolization by companies like Anthropic is overblown; AI technology is commoditizing and cannot be controlled by a single entity.
- AI will be massively deflationary, similar to tractors replacing laborers: the cost of tasks will plummet, shrinking the dollar market size rather than enriching AI companies.
- Knowledge workers are currently overpaid compared to their energy consumption; AI will deflate their wages and cause sector collapses.
- Global competition (e.g., China giving away AI models) prevents any monopoly and accelerates deflationary effects, even with regulatory capture attempts.
- Ubiquitous cheap AI will lead to wage premium destruction, status hierarchy reevaluation, and potentially a new Great Depression.