You are trying to do a good thing here - break up a monopoly.
AI is like an oligopoly - corner the market, work tacitly with the others to set the price, reduce quality gradually through costs over time, collect the economic rent.
Sure, the businesses invested their own capital in creating this wealth which is fine and is due the full interest earned on that capital invested, by right.
But no more than that. Any monopoly profit was not earned, it was appropriated, through unjust law. A monopoly is an economic rent - an un-earned income. Ask Ms. Rand.
A corporation earns 2 forms of income:
1) interest on capital invested
2) monopoly profits
Both are easy to separate.
What you're proposing here is a good thing - to break up these monopolies, using a new model. You too are due the interest earned from the capital invested.
But do you also want to keep the rents from these smaller broken up businesses - they are still a partial monopoly as above? And if so, what does that make you but yet another rent seeker.
To be fair, the total stock of monopoly profits from so called 'capital formation' globally is tiny, relative to those from ownership of land.
Probably around 15% of all rents are an income for corporations. The rest is an income for homeowners mostly. And banks in mortgage 'interest' a smoke screen for rent - there is almost no capital in real estate, its mostly location value.
It's obvious these people know that Craig Wright is Satoshi, it's just that they have their finger on the scale of what the masses, believe.
You are trying to do a good thing here - break up a monopoly.
AI is like an oligopoly - corner the market, work tacitly with the others to set the price, reduce quality gradually through costs over time, collect the economic rent.
Sure, the businesses invested their own capital in creating this wealth which is fine and is due the full interest earned on that capital invested, by right.
But no more than that. Any monopoly profit was not earned, it was appropriated, through unjust law. A monopoly is an economic rent - an un-earned income. Ask Ms. Rand.
A corporation earns 2 forms of income:
1) interest on capital invested
2) monopoly profits
Both are easy to separate.
What you're proposing here is a good thing - to break up these monopolies, using a new model. You too are due the interest earned from the capital invested.
But do you also want to keep the rents from these smaller broken up businesses - they are still a partial monopoly as above? And if so, what does that make you but yet another rent seeker.
To be fair, the total stock of monopoly profits from so called 'capital formation' globally is tiny, relative to those from ownership of land.
Probably around 15% of all rents are an income for corporations. The rest is an income for homeowners mostly. And banks in mortgage 'interest' a smoke screen for rent - there is almost no capital in real estate, its mostly location value.
Marvellous!