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US tech giants have been a GDP growth doubling runaway success for America since the 1990s. They are probably among the most economically productive institution
by dtquad 2y ago
US tech giants have been a GDP growth doubling runaway success for America since the 1990s. They are probably among the most economically productive institutions that has ever existed.
I also don't see them as monopolies considering how trivial it is find and use alternatives. It is essentially a new fast changing landscape of easily replaceable apps. Google's "search monopoly" is already recessing and being replaced by ChatGPT, Le Chat, Perplexity etc.
The obscene power and influence of the new obscenely wealthy tech-billionaires is of course a problem but laws against large political donations and a wealth tax could fix that.