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The flipside of this attitude about "its to bits" can be found in this good analysis from Tim Lee https://www.understandingai.org/p/software-didnt-eat-the-world

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I've been talking about this for the last 20 years or so. Our concepts of the economy haven't caught up with the fact that it's mostly bits now

https://johnquiggin.com/2022/10/17/capitalism-without-capital-doesnt-work/

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