Brilliant comment. Companies (that are run by executives) hire employees, not entrepreneurs because they want servants, not competition.

The landed elite will continue to defend the only moat they have -- capital and connections. They know they're not the smartest or hardest working people in the room, and if they start to recognize their employees as equals they'll quickly lose their position within their company and within society.

For AI companies to cannibalize the rest of the market, wealthy investors/executives first need to admit that they don't have much to offer society. It'll take a long time for them to allow this to happen, lest their egos (and portfolios) take a hit.