AI does not disrupt. AI entrenches. AI turns money into more money; AI turns investment into dependency. We are living in a funhouse mirror of that right now where the combination of overly-plausible demos and first-one's-free incentives are swamping the actual balance-sheet math. But the economics require that this stabilize, that the capital flows reverse direction. The wave has come in and we are just starting to feel the undertow.