The post makes a very good point for 19th century style capitalism. These days most key industries are dominated by a few monopolistic corporations. (Yes, I wi

The post makes a very good point for 19th century style capitalism. These days most key industries are dominated by a few monopolistic corporations. (Yes, I will ignore the difference between oligopoly and monopoly because it does not matter for the point I am making.) For those corporations being efficient does not matter as much as playing their market advantages right. That is why FAANG can pay tech workers ridiculously high wages. That is why Oracle cares more about its law department than its tech department. They reality is, you can't build the next Google. There is no way to build a search engine that would be able to compete with it, that would require huge capital. In fact for most start ups the the end game it to be bought by one of the monopolists. Going from your parents garage to international tech company is not realistic anymore, the wild west era of tech is over. So what is the solution? One might think splitting up the big monopolist and restore the good old free market but honestly yes that might help short term but the reality is, our world is more complex than the 19th century. Providing a general purpose search engine for the web does require a certain concentration of capital. A social network is only useful if it is used by a critical mass of people. Outside of software it is even more obvious. Tackle the semiconductor shortage in your own backyard? Yeah nah. We have to accept we don't live in a world of free market capitalism anymore and can't go back. We need to think about how to move forward.