/biz/ - Business & Finance

>>58600050
The art market in particular is still gated by a minority of wealthy insiders so I don't think mass production of AI art will affect prices because this market does not follow basic supply and demands- it follows the whims of the art auction racket.

I agree with the rest of the thesis but I would caution that an economic recession occurred from the late 1830s to the early 1840s when the adoption of the Industrial Revolution's early innovations, such as mechanized spinning and weaving, slowed as their markets matured; and despite the increasing adoption of locomotives, steamboats and steamships, and hot blast iron smelting. New technologies such as the electrical telegraph, widely introduced in the 1840s and 1850s in the United Kingdom and the United States, were not powerful enough to drive high rates of economic growth .