The big tech firms trend more towards monopoly or oligopoly, and are tolerated more for “too big to fail” reasons than actual consumer usefulness. The incestuou

The big tech firms trend more towards monopoly or oligopoly, and are tolerated more for “too big to fail” reasons than actual consumer usefulness. The incestuous nature of their dealings prevents organic innovation and competition to form, and any innovation that does happen is usually in the form of almost parasitic companies, like remoras attaching to whales, that do “services” for big tech, like Databricks, Scale AI, Datadog and others, that’s why the predominate business model for startups is “do enough to get acquired. Many big companies, not just the tech ones, should be split into smaller units that are still useful for the economy and markets, but prevented from being anti-capitalist or anticompetitive, so basically we need more antitrust legislation. Capitalism isn’t the problem, necessarily, it’s late stage capitalism, or the neoliberal economics which tolerate it.