Speaking of reassurance, perhaps you’ll find this article by Joel Kotkin at The Daily Beast reassuring:
Increasingly, American technology is dominated by a handful of companies allied to a small but powerful group of investors and serial entrepreneurs. These firms and individuals certainly compete but largely only with other members of their elite club. And while top executives and investors move from one firm to another, the big companies have constrained competition for those below the executive tier with gentleman’s agreements not to recruit each other’s top employees.
At the top of the American keiretsu system stands a remarkably small group whose fortunes depend in part on monetizing invasions of privacy to use the Internet as a vehicle for advertising. These are not warm and cuddly competitors. Both Google and Microsoft have been accused of using anti-competitive practices to keep out rivals, in part by refusing to license technology acquiring of potential competitors.
“Tech is something like the new Wall Street,” notes economist Umair Haque, “Mostly white mostly dudes getting rich by making stuff of limited social purpose and impact.”
A few things to keep in mind:
- Big companies employ a lot fewer people per dollar of earnings than small companies do.
- Big companies influence the legislative process in ways of which small companies can only dream.
- Intellectual property law protects big companies against upstarts not the other way around.
- Companies with revenues of $100 billion or over are rare. Innovative companies with revenues of $100 billion are even rarer.