this is one of the first very very early glimpses of ai’s impact on the supply side of the economy. the entirety of the western capitalist apparatus relied on allocation of scarce resources towards production of goods & services, but as the inputs required continue to go to ~zero for both bits & atoms (this will take longer), it’s likely the idea of pricing power will fade away over time (esp if there is real self replication). & if pricing power fades at scale, capitalism as we know it is…