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Andrew Roman's avatar

Very interesting article. Enhancing scarcity is definitely a policy choice. For example rent controls are not really about the economics of rental housing, they are about its political appearance. Governments imposing rent controls are making a statement: we are on your side, not your landlord's. That's visible, while the deterrent effect on the supply of new or additional rental housing is invisible. That visible/invisible division is probably also valid for bioethics.

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Josh Briscoe's avatar

What's the right balance between innovation and regulation? Conservatives often are in favor of deregulation, trusting the market to sort things out, whereas progressives argue regulation provides necessary safeguards.

The ChatGPT copyright infringement debacle is a good example. AI moguls have argued that honoring copyright would have been prohibitively expensive and so they're "moving fast and breaking things." AI, it seems, is ushering a new era of how we think about copyright. This is still in development so who knows how this will pan out, but it seems like the scales might tip in favor of innovation and away from regulation, much to the detriment of anyone who has produced copyrighted material. The irony is that the innovation here won't necessarily produce anything better - at least in the realm of the humanities, where we see a lot of AI slop.

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