🌐 Global Economy 1d ago · Alex Tabarrok

What Regulatory Capture Actually Looks Like

Marginal Revolution
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It’s amazing how a theory can take over a brain. Consider the idea that people believe what serves their interests. As heuristics go, it’s a good one. I use it all the time. Yet when Dario Amodei says AI is dangerous, perhaps even an extinction risk, some people conclude he must be running a marketing campaign. That is stupid. Which is more likely, that a useful heuristic sometimes misfires or that “our product might kill you” is a clever way to sell it? Death threats are

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