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"This time is different" happened in 2008 when instead of letting inefficient behemoths crash and burn, they were bailed out. And before that, it happened aroun

"This time is different" happened in 2008 when instead of letting inefficient behemoths crash and burn, they were bailed out. And before that, it happened around 2001, when Microsoft got away with a slap in the wrist after the Netscape thing. The big players of 2020 are entrenched much deeper and are much more in bed with the regulators, so it will take longer to level off. I am also suspecting that the level-off will happen one layer higher. I.e. the economic relevance of the current incumbents within the US economy will not drop, but the global relevance of the US will. For a perspective, you can look at the German economy that is dominated by companies founded 100+ years ago.

switch11 6y ago
very, very true This: am also suspecting that the level-off will happen one layer higher. I.e. the economic relevance of the current incumbents within the US economy will not drop, but the global relevance of the US will. For a perspective, you can look at the German economy that is dominated by companies founded 100+ years ago. Because US government is getting in bed with Amazon, Google, Facebook it is causing a double effect A) They are letting them keep growing their monopolies in return for surveillance of Americans and non Americans Which makes them stronger B) US innovation is slowing down For Example: Now most of US technology is around showing ads, surveillance, and basically treating people like stupid ATMs They might be able to make it work for another 10 to 30 years, and then there will be big breakdowns A good example is what is happening to Amazon in countries like China and India