> This is essentially the story of capitalism FTFY > Pre-Internet you would see the same dynamics, but usually on a much smaller regional scale There's been

> This is essentially the story of capitalism FTFY > Pre-Internet you would see the same dynamics, but usually on a much smaller regional scale There's been plenty of national and global monopolies (I mean, that's literally why we had Antitrust laws made in the 1890's) as well as industries with only a couple players in a market. In fact, if you name any industry, it's probably led by just 3-5 corporations. Mobile service? Verizon, T-Mobile, AT&T. Television news? Disney, Paramount, Comcast, Fox, Warner Bros. Liquor? AB InBev, Diageo, Pernod, Suntory, Bacardi. Wine? E&J Gallo, The Wine Group, Constellation. Beer? Ab InBev, Heineken, Snow Breweries. Cars? Toyota, Volkswagen, Hyundai, GM, Ford, Stellantis. Airlines? Delta, American, United, Southwest, Lufthansa. Oil and gas? Aramco, Exxon, Chevron, PetroChina, Shell. Music? Universal, Sony, Warner. Coke, Pepsi, Keurig. This is what capitalism does. By definition it grows as large as it possibly can, shutting out competitors.