The Source of Big Tech Power
by Miki Saxon
As quoted in yesterday’s Golden Oldie, Columbia law professor Tim Wu said, Convenience and monopoly seem to be natural bedfellows.
His premise is that the more convenient something is, e.g., Amazon, the more likely people will gravitate to it, rather than trying something new.
Think about it.
Amazon. Facebook. Google. Microsoft.
Over the years, many companies, from startups to giants, have challenged them and have either been bought, bankrupted or buried.
Either can be a solution when your resources are almost unlimited, whether the money is spent on acquisition or increasing convenience.
Simple as 1-2-3-4
More convenience = stronger addiction = fewer competitors = greater monopolistic actions.
So the next time you find yourself concerned or complaining about the power of big tech try looking in the mirror for its source.
Image credit: Alena Navarro- Whyte
