I agree with this "It's really hard to tell the difference between late stage capitalism and fraud".

The best example to illustrate this principle is the unholy alliance between Big Pharma and the government, particularly the FDA.

Big Pharma lobbyist write the rules that the FDA enforces and the most ambitious people working at the FDA, after a few years, leave to work at Big Pharma.

The covid19 pandemic exposed the public at large to the way this unholy alliance works, but there have been numerous cases of abuse by the Big Pharma companies who consider paying fines like these https://en.wikipedia.org/wiki/List_of_largest_pharmaceutical... a cost of doing business.

In the context of AI, we are assisting to another of these abusive practices in the making particularly if an FDA-styled agency is created to regulate AI.