I agree with this "It's really hard to tell the difference between late stage capitalism and fraud".
The best example to illustrate this principle is the unholy alliance between Big Pharma and the government, particularly the FDA.
Big Pharma lobbyist write the rules that the FDA enforces and the most ambitious people working at the FDA, after a few years, leave to work at Big Pharma.
The covid19 pandemic exposed the public at large to the way this unholy alliance works, but there have been numerous cases of abuse by the Big Pharma companies who consider paying fines like these https://en.wikipedia.org/wiki/List_of_largest_pharmaceutical... a cost of doing business.
In the context of AI, we are assisting to another of these abusive practices in the making particularly if an FDA-styled agency is created to regulate AI.
Yes, and it is so much worse. We have very few actual choices for major services and are forced into business with them because life without these services is next to impossible.
Think about the tax code as an example. We literally have to buy software or pay a professional to decipher the madness. It's by design in order to keep all these people and companies profitable!
Or shrinkflation. Is selling a candy bar that is half the size of the packaging yet the same cost as it was before they shrank the product fraud or is it just smart business?
It fits the definition of fraud more than anything...
The best example to illustrate this principle is the unholy alliance between Big Pharma and the government, particularly the FDA.
Big Pharma lobbyist write the rules that the FDA enforces and the most ambitious people working at the FDA, after a few years, leave to work at Big Pharma.
The covid19 pandemic exposed the public at large to the way this unholy alliance works, but there have been numerous cases of abuse by the Big Pharma companies who consider paying fines like these https://en.wikipedia.org/wiki/List_of_largest_pharmaceutical... a cost of doing business.
In the context of AI, we are assisting to another of these abusive practices in the making particularly if an FDA-styled agency is created to regulate AI.