3 ms·
> but remember it was much worse to integrate products and services among different vendors back in 1980s and 1990s when you had dozens of medium and large comp
by loudmax 7y ago
> but remember it was much worse to integrate products and services among different vendors back in 1980s and 1990s when you had dozens of medium and large companies.
Precisely because of the lack of standards. A monopoly is a standard of sorts, but it does not foster progress.
Facebook, Amazon, Netflix and Google all owe their existence to the open web. Apple's iPhone wouldn't be nearly as successful if they couldn't attach to nearly any modern cell phone network. Even Microsoft owes success to the commodification of the PC.
All of the success we attribute to capitalism is due to competitive free markets. Like democracy itself, it should not be taken for granted. We could lose it and we'll be much the worse off if we do.