I intended to capture that under category 2. “…but for some reason people are willing to pay at least an order of magnitude more to have it done less well by a human, perhaps because they trust humans better…” — the regulatory capture you describe (and those regulations not yet having been repealed) would be a category of reason why (and an expression of the fact that) people are willing to pay more. Evidently that section wasn’t clear enough and I should have phrased this better or given it as an example.
As I said above under category 2., I expect this to be common at first but to decrease over time, perhaps even quite rapidly, given the value differentials involved.
I intended to capture that under category 2. “…but for some reason people are willing to pay at least an order of magnitude more to have it done less well by a human, perhaps because they trust humans better…” — the regulatory capture you describe (and those regulations not yet having been repealed) would be a category of reason why (and an expression of the fact that) people are willing to pay more. Evidently that section wasn’t clear enough and I should have phrased this better or given it as an example.
As I said above under category 2., I expect this to be common at first but to decrease over time, perhaps even quite rapidly, given the value differentials involved.