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Comment by yazaddaruvala | Hacker News Reader

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yazaddaruvala

Disclaimer: Technically these are all oligopolies, but I'll stick to using the original term.

Don't forget the soon to come:

* Big Tech monopoly on space travel/mining: SpaceX, Blue Origin

* Big Tech monopoly in the car/taxi industry: Tesla, Boring Company, Apple, Google

* Big Tech monopoly over wearables/implants: Apple, Neuralink, Amazon, Google

* Big Tech monopoly over VR: FB, Apple, Valve

* Big Tech monopoly over restaurants: Uber, Apple, ???

* Big Tech monopoly over banking: Chase, Apple, Intuit, Amazon

View on HN

> We could be talking about "Breaking up Big Tech" for 50 years trying to break all of these up. It's kind of insane.

Big Tech is likely a misnomer. The reality is over the last 50 years we have only really had 10-20 companies that we truly consider innovative. Technology is a new modus-operandi for companies.

Its like this: The first shops just used spoken language only. When some shops started to use literacy as a way to write down a menu or track receipts, calling those businesses "Big Literacy" would help, but really the best help is to get every business to change their mental models and operate under the newest winning modus operandi. Similar story with businesses that normalized leveraging Math and/or Economic theory as a winning modus operandi.

What we need is every company in the S&P 500 to adopt the winning strategies (long term thinking, leadership principles, software as a product rather than a cost center, vertical integration, etc) from FAANG companies, until then we will be left with only the S&P 5 or at-best 50. Or, we need to create regulation to stop those strategies from being the winning strategy (hopefully without stagnation).

yes you are absolutely right, these are more oligopolies not monopolies.

I think the oligopoly term hasn't really entered the North American vernacular. Even I think about Russian oil companies when I hear it.

And yes, we're still creating more of these every year as Big Tech expands to eat the world.

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