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A comment on Thousands of CEOs just admitted AI had no impact on employment or productivity. Parent comment

Re:Thousands of CEOs just admitted AI had no impact on emplo... by weatherlite on Wednesday February 18, 2026 @10:13AM (#47061852)
I used the term "private market" when I actually meant the private sector. I just mean all labor that isn't government owned - public companies, private companies etc. So yes - in a reasonably functioning capitalist market (which the U.S still is in my eyes) I expect gross inefficiencies to not be prevalent.
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Re:Thousands of CEOs just admitted AI had no impact on emplo... by generic92034 on Wednesday February 18, 2026 @11:22AM (#47062682)
> So yes - in a reasonably functioning capitalist market (which the U.S still is in my eyes) I expect gross inefficiencies to not be prevalent.

I am not sure that is true, though. Assume for a moment that Google would waste 50% of their profits. Truly, a huge inefficiency. However, would that make it likely some other corp could take their search/ad market share from them? I doubt it, given the abyss of a moat.

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Re:Thousands of CEOs just admitted AI had no impact on emplo... by AnimalMuppet on Wednesday February 18, 2026 @11:28AM (#47062744)
True. Therefore, what?

One could say: True, therefore search is not a reasonably functioning capitalist market.

Yeah, I know, this can turn into "no true capitalist market". Still, it seems reasonable to say that many markets work in a certain kind of way (with lots of competition), and search is not one of those markets.

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Re:Thousands of CEOs just admitted AI had no impact on emplo... by generic92034 on Thursday February 19, 2026 @11:45AM (#47075763)
The parent was referring to the whole US as "market". In that sense the numerous exceptions and non-functioning markets invalidate the statement, IMHO.
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