The cynic in me wonders if it's simply "old conservative money holders" being upset about the "new liberal rich." Ever since Trump took power, the media has been beating the "evil tech company" drums loudly and clearly.
The cynic in me wonders if it's simply "old conservative money holders" being upset about the "new liberal rich." Ever since Trump took power, the media has been beating the "evil tech company" drums loudly and clearly.
The thing which makes tech companies different from every other is the 'infrastructure' effect of software and the absence of 'geographical' limits on monopolies.
Banks, law firms, audit firms are fundamentally limited by geography. A law firm in New York will find it very hard to service clients in San Francisco without having employees there. Tech firms arent 'boxed' in by these limits, which are preset for most traditional businesses, thereby greatly expands their ability to become monopolies and strangle competition.
The other advantage that tech companies have is the fundamentally additive nature of software. Microsoft made a very good OS few decades back, but its ability to keep releasing a competitive OS builds on the work piled on by decades of engineering. It is simply impossible for a startup to release another version of an OS which can compete with Microsoft Windows.
However, if we were to break up Windows into pieces, it opens up the possiblity for a new startup to innovate on a part of the OS and buy existing pieces from the vendors of each part to ship a new offering.
And your solution is effectively to make Microsoft's products worse, so that a different, lower quality product is able to compete.
What about instead of that, we do the thing that helps consumers, instead of hurting them?
For perspective, PWC is the result of a merger between two large audit firms founded in 1949 and 1954 respectively. Microsoft was founded in 1975. PWC is a worldwide company employing 236k employees. Microsoft only employs 124k. Admittedly Microsoft has a revenue of ~90 billion vs PWCs mere 37.7 billion. But I'm not seeing why one is fundamentally different than the other.
What they understand is that these companies only care about money. When Democrats were in power they were happy to help the Democrats in exchange for favors. Now the Republican are in power they will be happy to help the Republicans in exchange for favors.
Alphabet is even willing to make someone else CEO because Eric Schmidt was too closely tied to the other side. That shows everyone how friendly they are willing to be.
It's not OK for for telecom, oil and banks. I don't hear anybody saying that nor do I believe it is a popular opinion.
>"Ever since Trump took power, the media has been beating the "evil tech company" drums loudly and clearly."
You realize there's a tangent between the Trump election and how social media was used during the election right?
Tech companies are worse because they control the tools we use to communicate and think: this unchecked power can exert massive influence over our minds and thoughts.