[As a reminder, all paid posts go free after one month.]
This is not strictly a prediction. It is a plausible story of a predictive nature assuming some conditionals. Obviously, all of that wouldn’t fit neatly in the subject line.
What I am going to lay out is a potential path to a much higher degree of socialism (state ownership of private capital) from a financial downfall within AI firms.
When people have negative takes on the economy or market, Tyler Cowen likes to ask in a provoking kind of way, which I fully endorse, “are you short the market?” In this case I am, directly to a small degree and indirectly to a large degree.