Post #4413799

We didn't choose AI. Capital did. - Grace Blakeley https://graceblakeley.substack.com/p/data-centres-and-democracy "We do not live in free market societies. We live in capitalist societies – that is, societies dominated by capital. Capital is not distributed into lots of little businesses each producing widgets in perfect competition with one another. Capital agglomerates until it is concentrated within a few massive, monopolistic corporations, controlled by a few powerful men. These massive corporations can afford to ignore what’s profitable in the short run pursuit of what will bring their owners immense wealth and power in the long run. Just take Amazon. It was unprofitable for years while Jeff Bezos channelled more and more money into expansion. Investors continued to funnel billions into Amazon’s coffers because they were betting that Bezos could carve out a powerful monopoly. And they were right. Corporate concentration and monopoly power trump competition and efficiency every time."