3 ms·
> What do you do when FAANGs become larger than some countries? This seems to be a bigger issue than tech companies. The tendency towards monopoly is a problem
by badRNG 6y ago
> What do you do when FAANGs become larger than some countries?
This seems to be a bigger issue than tech companies. The tendency towards monopoly is a problem that every industry faces, where many international trusts hold more power than many of the governments in the countries they do business in. Worse, in some cases these trusts can exert undue influence over these governments. It isn't unreasonable that at some point in the future they could have similar power over even the US.
How exactly to deal with these power imbalances between countries and international businesses seems largely to be uncharted territory.
- martin_drapeau 6y agoLast century companies sold or produced physical goods. You could always tie them to a geographical area. With FAANGs it is a digital world without borders. I think it's different. Your last point is dead on. FAANGs have carte blanche for now.