AI labs are the 21st century railroads: doom talk is a bid for regulation-backed monopoly, argues investor

kevinnbass · x · 2026-09-29

Invoking Peter Thiel's railroad analogy, the author argues AI is doomed to repeat 19th-century railroad economics: a public good whose builders competed themselves into bankruptcy and captured none of the value.

A sharp contrarian take framing AI safety advocacy as regulatory capture, even if the argument simplifies the dynamics.

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