I'd add to this, the damage an LLM could do is much less than a human could do in terms of individual production. A person can paint so many forgeries... A machine can create many, many more. The dilusion of value from a person learning is far different than machine learning. The value extracted and diluted is night and day in terms of scale.

Not to say what will/won't happen. In practice, what I've seen doesn't scare me much in terms of what LLMs produce vs. what a person has to clean up after it's produced.