“Good health is merely the slowest possible rate at which one can die.” — unknown “Good markets are merely the slowest possible rate of political failure” — me
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This is one reason why market fundamentalism and political conservatism get along so well. Political conservatism assumes by default that things that exist should continue existing as long as possible, even at the expense of choking the new. Lindy effect as normative principle.
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Getting enough political control authority to “steer” markets is exactly the same problem as governing AIs. Not just an analogy. I suspect you could reduce both to the same technical problem.
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It's more subtle and plural than that. Technology moves faster than politics and technology rides market waves. Consider autonomous vehicles, or 3D printed guns, or drones, or encryption—all happened far faster and sooner than political regulation would have allowed.
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Only now is politics slightly recovering from its sleepy hangover on these issues.
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