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Balaji
Balaji|Jul 02, 2025 17:37
Yes. In general, the Internet shifts leverage from consumers back to producers. For example, AI lets anyone manage agents. Cryptocurrency lets sellers accept payments without chargebacks. Robots let builders scale with fewer resources. Because producers are much scarcer than consumers, this is arguably net good. Exceptions include the (many) markets with inelastic production, often because of regulation.
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