By "capitalist," I'm referring to investors whose primary contribution is capital, not making a political statement about capitalism itself.
Capital is crucial when tools and infrastructure are expensive. Consider publishing: pre-internet, starting a newspaper required massive investment in printing presses, materials, staff, and distribution networks. The web reduced these costs dramatically, allowing established media to cut expenses and focus on content creation. However, this also opened the door for bloggers and digital news startups to compete effectively without the traditional capital requirements. Many legacy media companies are losing this battle.
Unless AI systems remain prohibitively expensive (which seems unlikely given current trends), large corporations will face a similar disruption. When the tools of production become accessible to individuals and small teams, the traditional advantage of having deep pockets diminishes significantly.
Capital is crucial when tools and infrastructure are expensive. Consider publishing: pre-internet, starting a newspaper required massive investment in printing presses, materials, staff, and distribution networks. The web reduced these costs dramatically, allowing established media to cut expenses and focus on content creation. However, this also opened the door for bloggers and digital news startups to compete effectively without the traditional capital requirements. Many legacy media companies are losing this battle.
Unless AI systems remain prohibitively expensive (which seems unlikely given current trends), large corporations will face a similar disruption. When the tools of production become accessible to individuals and small teams, the traditional advantage of having deep pockets diminishes significantly.