AI Is an Elite Crime Spree

Documents show a Microsoft exec called AI the "largest theft of labor in human history.” New AI regulations are besides the point, the problem is we don’t apply existing laws to the powerful.

Matt StollerSep 18, 2026

Over the last few weeks, a panic over the possibility of dangerous consequences from artificial intelligence has swept through elite media and politics. I haven’t seen anything like this since the Covid moment, and before that the 2008 financial crisis, the pre-Iraq War debate period, and the few months after 9/11. The fear is thick, and real. And the one solid demand, seemingly from every quarter, is that We Must Regulate This Technology.