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Their wordsThere's a whole intellectual tradition in the Marxist historiography from the 1970s and '80s analyzing incumbent firms' tendency to ask to be regulaled in times of industrial ferment, because, when regulators are captured, it is a way to crowd out challengers, and to shape the marketplace to your liking; also, to deflect, denude, and defenestrate popular political energy to actually regulate them in the public interest.
Their wordsAnd, in the case of AI, to supercharge their price-to-earning ratios by backing their made-up claims that their machines are so powerful they will replace every job.
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