Comment by GeoAtreides
2 days ago
>AI makes everything cheaper, the purchasing power of remaining income rises
hahaha, hilarious, imagine thinking prices will go down instead of companies just pocketing the difference
>People don't optimize purchases like machines
correct, machine optimize purchases like machines. that was the author point
>Regulation would arrive fast.
what regulation? "Stop using AI or you will get fined?" "Extra tax on AI companies"? good luck passing those in today America. also, the author touches on the exact point as well
Presumably price would reduce due to the ease of which people can spin up competitors?
I stan the spirit of the free market as much as any red-blooded American patriot, but we've seen time and again throughout history that competitors just get bought up or regulated out of existence by the established players. They don't actually compete.
OP was talking about commodities, not SaaS
Commodities are more price sensitive than SaaS by definition.