> Google, Amazon, FB are not the monopolies that you should be worried about. They are fun to talk about and tech is sexy, but there are bigger problems - ISPs

> Google, Amazon, FB are not the monopolies that you should be worried about. They are fun to talk about and tech is sexy, but there are bigger problems - ISPs / telecoms, for example. That is a very misleading comparison. For almost all of the industries you've listed a) there are spatial limitations of monopolistic outreach (they have to exist in real world and can't exist all around the world at once) b) their products and services don't grow upon themselves exponentially c) the nature of their products and services is rather common knowledge. I'll go one by one; a) Tech doesn't suffer from the spatial dynamics of competition and in that has virtually infinite economies of scale. A cable company has to fight for the right of physically laying cables, which creates a barrier of entry for the next competitor, but they have to do this work repeatedly in every other location. As long as bandwidth and compute is paid for, tech can be instantaneously omni-present around the world. This means the monopoly having a planet wide breadth, but also that margins required to sustain the monopoly can be much smaller. b) Econ 101 has this classic output function: labor x capital x productivity = output. Tech is both an output and input in the form of increased productivity onto itself. This means exponential growth. When we talk about cable companies merging, it is a merger of homogeneous entities, and in that only a merger of capital and labor. The argument here is tech companies "merging" with their own, heterogeneous technologies to yield even greater exponential growth. They are talking about ads and search and chrome "merging". Therefore the monopolistic consequences of tech is very different than that of commodities and utilities. c) Tech is constantly innovating on new products and new variations of their products, which we can't grasp the effects of. It is easier to guess what happens to competition or how the end user suffers when other industries have bad actors. Can we tell with confidence what the effect of Youtube's, Twitter's, Reddit's recommendation algorithms is on our collective sense-making capabilities and functioning of the democracy? Can we tell if the thousands of A/B experiments being run on us is revealing how the products can deliver more value or how to exploit the users better? Are users aware that they are participating in the largest scale applied-psychology lab ever existed? This information asymmetry is again a part of the unique dynamics of the monopolistic machinery of tech. When these three come together, the resulting monopolistic dynamics is unprecedented and incomparable to that of commodities, utilities and other old-school services, and we would be fools to make light of it.