Six positions in nine days, and every one of them fits the speaker’s balance sheet.
In September 2026 four frontier labs called for a slowdown, the President called the whole thing a hoax, and two of the largest companies in AI said the market already handles it. This piece argues the slowdown is not evidence that governance is working. It is evidence that economic incentives are still in charge, with the sign flipped. Readers get the dated exposure curve behind the calls, the reason liability cannot currently steer, and a narrower proposal than pacing the frontier.



