Discussion about this post

User's avatar
Livy's avatar

You downplay the antitrust issues of big tech. Nothing new, but here are some:

1. They are all conglomerates with sometimes completely different businesses (online retailer and cloud business, search engine and entertainment, hardware provider and apps ecosystem etc.) and will add more when they see opportunities. While this is not illegal, this does point to concentration of market power.

2. They buy competitors to try to control their market (a single company controls most social media).

3. They buy dozens of competing startups when they think they can add value to their business or see a potential threat.

4. They control internet platforms or ecosystems, making it harder for others to compete

5. They lock in consumers, (how easy is it to move to a different social medium when all your friends dont? ). While this is how the internet works, this is a huge advantage.

And while not a competition issue, they control our data, they control freedom of (hate) speech, can move elections, are addictive and have influence on our mental health that we are only beginning to understand.

Yes, they have been great for the US economy, are the envy of the world and I use them a lot.

But I dont think you can deny they have lots of (market) power, raising many issues. I would be surprised if we continue to accept this, maybe the US will, but the rest of the world?

Expand full comment
Bruce Raben's avatar

You nailed it. What is to be done? Maybe nothing. Maybe Texas, the home of oil will just continue to build solar because it makes sense. And who knows it’s when and what peak oil is but there is no peak sun 🌞

Expand full comment
130 more comments...

No posts