this post was submitted on 22 Jun 2024
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All of big tech is really worried about this.
If the AI boom is a dud, I can see many of these companies reducing their output further. If someone comes along and competes in their primary offering, there's a real concern that they'll lose ground in ways that were unthinkable mere years ago. Someone could legitimately challenge Google on search right now, and someone could build a cheap shop that doesn't sell Chinese tat and uses local suppliers to compete with Amazon. Tech really shat the bed during the last economic downturn.
Monopolies don't care about the user experience, only profit. The AI doesnt understand the former, only the latter. The continued degredation of the user experience is a likely indicator of an increase in revenue as function of successful application of AI.
But that's also a path for them to no longer be a monopoly, if the right competitor makes the right moves.
We're living in a late stage capitalistic hellhole and you're advocating faith in the free market.
What. The. Fuck.
I'm saying it's happened before. AOL. Palm. Yahoo. Blackberry. A company with an effective monopoly gets complacent and fails to serve their users. They get replaced.
I don't remember anything ever in history undermining faith in the free - from regulation, but not from jailing crooks, - market.
It's not as if anything lefties claim to be that were free. And when one talks about what is needed to make it free, one can hear screeching of the "reeeeeee useful idiots for capitalism reeeeee you just want poor people to die reeeeee we should all vote for 8 hour work week and peace on Earth reeeeee what do you mean it's not enough to vote reeeee" kind.
Even Ponzi schemes are usually about everyone being conscious it's a scheme, but thinking they are very smart and will fool some other suckers, and those suckers think the same in turn. That is covered by the "jailing crooks" part.
And various cartels and trusts and such usually make government regulation their instrument. They benefit from it.
I mean, all this has been said and proven many times.