alt Hacker NewsIt is a far-fetched scenario given the tremendous number of eyeballs on the AI industry.
"...classic regulatory capture takes time, it’s a process of erosion rather than a battle, it happens in the shadows, in the backrooms, away from the public’s eye. As Culpepper argues in Quiet Politics and Business Power, business power goes down as political salience goes up. Regulatory capture and lobbying does a good job explaining why roasting coffee beans was defined as “domestic manufacturing”, thereby lowering Starbuck’s tax rate by 2%. It does less well at explaining big cross-industry issues the public cares about such as environmental regulation or race and gender discrimination regulation."
https://marginalrevolution.com/marginalrevolution/2026/09/wh...
A lot of these AI big shots were concerned about risk even before they started their current companies. Occam's Razor says they are expressing concern because they are still concerned.
Replies
eyeballs on an industry that presses the run button and walks away from 10000 gpu cores for months at a time...
It's not regulatory capture because look over here: I've invented a new term "classic regulatory capture" which involves only those historical incidents that are not like this.
This is by definition not "classic regulatory capture" a term that I have borrowed to cover things that are not this.
Whenever someone brings up "regulatory capture" I shall change the topic to "classic regulatory capture" which by definition cannot be this.
Very interesting quote.