I'm not following that argument - such a system might siphon off the trading wealth, but presumably that's miniscule compared to the equity wealth that is assigned to the owners of the companies and the wealth that they create?
Yeah, I honestly think this would be a good thing. ML already exists as market makers. Itβs a big-ish industry maybe, but not massive. It probably should be as automated as possible which would reduce the risk free profit to be made to next to nothing.