I think we agree that in cases where competition is leading to good results, no change to the dynamics is called for.
We probably also agree on a lot of background value judgements like “when businesses become more competitive by spending less on things no one wants, like waste or pollution, that’s great!” And “when businesses become more competitive by spending less on things people want, like fair wages or adequate safety, that’s not great and intervention is called for.”
One case where we might literally want to distribute resources from the makers of a valuable product, to their competitors and society at large, is the development of Artificial General Intelligence (AGI). One of the big causes for concern here is that the natural dynamics might be winner-take-all, leading to an arms race that sacrifices spending on safety in favor of spending on increased capabilities or an earlier launch date.
If instead all AGI developers believed that the gains from AGI development would be spread out much more evenly, this might help to divert spending away from increasing capabilities and deploying as soon as possible, and towards making sure that deployment is done safely. Many AI firms have already voluntarily signed Windfall Clauses, committing to share significant fractions of the wealth generated by successful AGI development.
EDIT: At the time of writing, it looks like Windfall Clauses have been advocated for but not adopted. Thank you Richard_Kennaway for the correction!
Oops, when I heard about it I’d gotten the impression that this had been adopted by at least one AI firm, even a minor one, but I also can’t find anything suggesting that’s the case. Thank you!
It looks like OpenAI has split into a nonprofit organization and a “capped-profit” company.
OpenAI Nonprofit could act like the Future of Life Instutute’s proposed Windfall Trust, and a binding commitment to do so would be a Windfall Clause. They could also do something else prosocial with those profits, consistent with their nonprofit status.