I can imagine a (probably not steel, but hopefully more wood than straw) neoliberal capitalist might reply with something like “but if the result is subpar, then the market will respond by purchasing from alternative providers; and it will self-correct.”
Eh, I don’t think that works. This only really works if the market _knows_ the result is subpar _in a timely fashion_. If you plough a few years and a hundred million VC cash into your robot dentist or tax advisor or whatever (real examples of things that people somehow think these things are appropriate for!) then by the time you realise that it’s totally unfit for purpose, it’s far too late.
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Eh, I don’t think that works. This only really works if the market _knows_ the result is subpar _in a timely fashion_. If you plough a few years and a hundred million VC cash into your robot dentist or tax advisor or whatever (real examples of things that people somehow think these things are appropriate for!) then by the time you realise that it’s totally unfit for purpose, it’s far too late.