this post was submitted on 02 Jun 2026
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Wouldn’t this make everyone interested in the bad business practices that would increase the profits?
It makes sure that the public benefits from mass automation.
Yes but stocks go up when AI gets more market power, exploits more privacy, sells more data to vested interests. The public would then have an interest in all that. Or at least this interest would compete with privacy interests. It may make it harder to push the company to do something, no?
Government. We are not the government.
https://cdn.mises.org/anatomy-of-the-state.pdf
It's a very short book. And it's covered pretty convincingly in the first chapter no less.
More likely in would just exarcerbate the financial instability of the AI industry and hasten its downfall, which I'm all for
Or delay it. How would the government having 50% stake in an industry make it less stable? Now the government will form policy around protecting its stake. This will delay a collapse that we should want to happen sooner than later, and ideally be as divested from as possible.