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> The "dictator" of a company answers to both the market and to regulators, making it less dangerous as a concentration of power than an actual dictator. Well,
by lenerdenator 2y ago
> The "dictator" of a company answers to both the market and to regulators, making it less dangerous as a concentration of power than an actual dictator.
Well, kind of. On occasion they participate in regulatory capture making them really only accountable as they care to be given the circumstances.
If you have a market cornered on AI-powered, autonomous, robotic leg-equipped chainsaws, and the regulatory environment is weak because you've lobbied for the right rules and the right enforcers of those rules, you could very possibly just have a bad quarter if those chainsaws' AI sees people as trees and starts chasing them around. Maybe not even that.
Meta would be a good real-world example. It's just less interesting to imagine.