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Transaction Cost Analysis
The mechanism in which this gets disrupted is that like there's basically like an individual level arbitrage, right? Where, like actors within within the system are incentivized to cut people out and replace them with AI. Take the river Ryan, right? The river Ryan was like the classic example of rent seeking because you had tolls, river tolls up and down the river. Now, imagine if you just build an Autobahn next to the river Ryan just bypass it. It doesn't matter how much they protest. You have just totally entered into the system.