• BooBees@fedinsfw.app
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    13 hours ago

    Because the top ai companies want to be able to write the legislation to their advantage to stifle competition, grandfather in bad shit they’ve been doing, to avoid payouts, and to ensure no startups can do what they did. Boom, the big few have a strangle hold and their economy has a chance at not collapsing, or at least they have a better shot at controlling it than if there’s more competition and someone else writing regulations.

    • Ann Archy@lemmy.world
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      12 hours ago

      Capitalism is fundamentally incompatible with democracy. If money is power, and it is, it supersedes democratic institutions and are therefore a system of government, not some neutral model of resource distribution.

      • Fizz@lemmy.nz
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        11 hours ago

        Its not a given that money will supersede democratic institutions. If the population can’t protect their institutions then the democracy has failed. Its a failure of civics more than a success of money.