Big AI teams up with Big Government
“People of the same trade seldom meet together,” warned Adam Smith 250 years ago, “even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”
TL;DR
- Adam Smith warned about trade groups conspiring against the public.
- He noted that such meetings often lead to attempts to raise prices.
- This warning, given 250 years ago, remains relevant.