FAANG is a curious one to bring up as a monopoly and yet it keeps on being repeated. They are large and influential certainly but they all have one thing in common - they are all accessible to anyone with an internet connection. They are all desperately trying to eat each other's market-share more or less. It may be unhealthily difficult to break into but a monopoly it is not.
Compare to the carrier and media conglomerate monopolies which don't receive any rhetorical pushes against them as monopolies. Despite them literally being the only option in many localities - and not even tiny ones either.
There is almost no real competition among the FAANG companies. Google and Amazon have token hardware efforts. Only Facebook has more than a token social media effort. Apple has been careful to circumscribe its retail presence to its own hardware.
The network effects Facebook and Google enjoy are every bit as powerful as carrier barriers to entry. I have way more options for Internet access (two wired, four different cellular providers), than I do connecting with my family over social media. (My family lives all over the world, and I don’t even have phone numbers or email addresses for most of them). I have no choice not to have Google scan my emails, because my family all had gmail addresses. Etc.
> They are all desperately trying to eat each other's market-share more or less
Less.
Apple, Amazon, Microsoft (should be part of FAANG), Google are not trying to eat Facebook's extraordinarily profitable social monopoly. Google tried, kinda sorta, briefly. Apple raised a pinky for a second, with Ping. They can't and they know they can't, they've all given up on trying. Facebook gets to print $20+ billion per year in monopoly profit from here on out unopposed. Separately, the epic position of Instagram, WhatsApp, and Messenger is almost entirely unopposed by Amazon, Apple, Microsoft, Google.
Apple, Amazon, Facebook, are not trying to eat the Windows-Office monopoly. Google is, kinda sorta. They're certainly not going out of their way to do it, say, by cutting into their $100+ billion in cash to massively subsidize the effort. Most of Google's focus is on mobile. Apple is by far the most successful company on the planet, they're not desperately trying to go after mass market share with the Mac to challenge Windows for the bottom 90% of the market. Apple is fat & happy with where their margins are at in computing, they gave up trying to dethrone the Windows monopoly a very long time ago.
Amazon, Apple, Facebook are not trying to eat Google's long duration, extraordinarily profitable search monopoly. Google search is tracking toward $40 billion per year in operating profit, the second greatest product for printing cash on earth next to the iPhone. Amazon throw a shot at it, briefly, and quickly gave up. Apple and Facebook, to whatever extent they ever considered going after mainstream search, haven't done anything there. Only Microsoft took a serious long-term shot at Google search; they're not making a serious effort there any longer, they're maintaining. Microsoft hasn't been desperately trying to take away Google's search monopoly in many years. Not only did they realize they can't, no matter what they spend, they probably like having the monopoly issue to hit Google over. The other companies are also not trying to build their own competitor to Android or YouTube (Facebook has taken a modest shot at YouTube, it isn't scratching them so far), almost entirely leaving both positions unchallenged (Apple has no interest in actually competing with Android in what it does in the market, Android is a required part of what makes the iPhone possible and lucrative, as previously with Windows & Mac; Android phones being the majority are the best thing that ever happened to the iPhone).
Google, Microsoft, Facebook, Apple, aren't interested in entering retail to compete with Amazon, essentially at all. They have no interest in those margins. They bat at Amazon's online retail empire at the edges. They're also not desperately trying to distrupt Amazon's publishing empire, ebook monopoly (arguably the least concerning of all the monopoly positions in the group, because digital book sales are declining and independent book stores are thriving).
Netflix is part of FAANG, and they're the least powerful of all of the major tech companies. They have no monopoly. Their margin is so bad it's realistically very negative - they're vaporizing incredible sums of cash, borrowing heavily (perhaps dangerously), to try to get to scale before the clock runs out. Their balance sheet gets more dire by the quarter.
>Apple, Amazon, Microsoft (should be part of FAANG), Google are not trying to eat Facebook's extraordinarily profitable social monopoly. Google tried, kinda sorta, briefly.
Google offered to buy WhatsApp for $10bn before Fb, and they went all-in with Google+ (in the worst way, but that was a serious effort).
> Apple, Amazon, Facebook, are not trying to eat the Windows-Office monopoly.
With iPads and Chromebooks, Apple and Google have made major inroads against Windows/Office - at least in the educational market. EC2 (and market changes) has a complex relationship with Windows server, but my guess is that it results in a net loss for MS licensing due to lowered barriers to competing non-MS products.
> Amazon, Apple, Facebook are not trying to eat Google's long duration, extraordinarily profitable search monopoly
Amazon is doing very well with product search - people looking for something to buy may skip searching Google altogether. Also, Alexa (and Siri) are overt, and ongoing attempts to eat Google's search lunch. Microsoft sunk a lot of money on Bing for years, and it has paid off. Fb ads are in direct competition with Adwords for marketing dollars. There's also Apple Maps, which is not a token effort.
> Google, Microsoft, Facebook, Apple, aren't interested in entering retail to compete with Amazon, essentially at all.
Facebook has marketplace - it's not retail, but it is competition with Amazon. MS is partnering with Walmart (guess the common competitor?). Apple went to great (and illegal) lengths to target Amazon's publishing empire when they were ring-leaders in colluding with traditional publishers against Amazon.
There is a lot of vigorous competition between the big companies. Unfortunately, the playing ground is so uneven that only big companies can dare step on another big co.'s turf
That is a list of where they are different but there are still areas of competition. Just because it isn't a one hundred percent overlap doesn't mean it isn't competition - otherwise one would say that GE isn't really competing with Samsung because GE doesn't make cellphones - ignoring the overlap of the appliance market.
Competing with large and broad corporations is a 'how do you eat an elephant' thing and they are increasingly prodding at each other for weaknesses. Trying to compete everywhere at once in prime specialties would generally be a losing prospect from the start even if they were willing to spend vast amounts of capital by mega corporation standards - not start up ones. You could compete with Apple on cellphones but trying the high end 'fashion' segment of the market would likely be a losing prospect as that is their prime specialty where they are established. Now if it is say Blackberry who has proven inept at their prime specialty they may wind up seized even by companies who aren't even trying for their niche.
Voice assistants aren't even limited to just Apple and Amazon, Google, Microsoft and even Samsung are trying to get on it. Apple is trying Apple media again and Apple, Amazon, and Google all have their own music stores for one. They may not be as prevalent relatively speaking but they aren't just letting each other keep their specialties.
I suppose part of this also has to do with definition of monopoly and it being versatile. Technically speaking owning a grain field, mill, and a bakery is a monopoly - a vertical one. You have to be able to compete with their own grain production costs and milling costs in order for it to sell wheat or flour to their bakery - otherwise they would just use their own as cheaper.
What are referred to as tech monopolies trivially have comparable alternatives but people don't go with them. You can host your own email or have anyone hosting video data - they just won't be the behemoth in the room. I suspect there may be some talking past each other.
Yes, this is especially important in light of the fact that after the breakup of Standard Oil, oil became unavailable and the entire world transitioned to sustainable sources of energy.
They're saying that productivity from computers would not cease with FAANG being broken up any more than oil stopped being produced when Standard Oil was dissolved.
Why is it a contradiction if startup culture has always been far-right (through the lens of Europe and South America et al)? It's a notch away from enforcing entrenched privilege with an army, unrest providing any such nudge. Didn't the homeless situation in SF ever tip these people off?
Besides, fascism grows by the day everywhere around the world, in rich and intelectualized societies no less (or moreso.) The 60's have called and want their ideals back. The saddest part? People who lived through that are getting beyond old any day now. And when their first-hand reminiscence has gone? It'll fall upon the 80's children and oh! how soon we forget. There are those who'll stand by Stallman, Wozniak and those who'll stand by Jobs, Gates, Bezos or Graham but I'm just being mean-spirited now. Well really, the first three off the latter group look starkly more like your run-of-the-mill fascist if creatively visualized not in the private but in the public sphere, being granted whimsical wishes by an unprincipled society.
It all boils down to MIT vs. GPL for us, doesn't it? Hacker, know thyself.
Well economic vs social axises for one. Start up culture is 'move fast and break things' which is more an economic right of minimal regulation and seeing them as obstacles to be worked around. Silicon valley has been pretty anti-authoritarian historically - starting with the Traitorous Eight and continuing to the job hopping. A more authoritarian ethos would be sticking with the company for life instead of leaving because you are pissed off about starting early and wearing a tie.
Fascism is 'you have to know somebody or be approved or you get the stick for being troublesome to the ruling parties'. While entrenching power in individuals who could pull up the drawbridge and go more controlled with regulatory capture it would be fair to say it is not start up culture at that point, not as a No True Scottsman sense. This is not a dodge of any hypothetical guilt. The policies and ethos may have lead to that outcome but the phases are very distinct - there is a difference between a family passing on their trade and a caste system even if the first may eventually lead to the later.
I think he's referring to the scale of left-right in Europe and South America. Meaning the "center" in Europe and South America has usually been more to the left of the "center" in the United States. So a Bay Area minimal-regulation, minimal-government libertarian would be far-right relative to the average right-wing "liberal" in Europe/SoAmerica, who might be ok with more market regulation and a safety net for the poor.
Nationalism maybe, but then libertarianism and nationalism aren't necessarily any more right-leaning than the other, it isn't clear-cut. Outside the US bubble (including South American politics bending over to the american way of life--a foregone notion) libertarianism is seen as pretty extreme and elitist, if not very naive and hopeful instead. Actual fascism and authoritarianism are totalitarian, dystopic realities, maybe extreme right but even that would more often be conflated with far-right than with totalitarian regimes, which in a way are already beyond "normal" (parliamentary and such) politics and more like, you know, a dictatorship, or the seizing of power with disregard for the constitution.
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.”
Think of all those FAANG engineers and startup founders who aren’t going to go quietly from their upper middle class incomes and RSUs/ISOs, regardless of the cost to society.
Well for starters it's home to the greatest mass surveillance apparatuses in history.
Their big data sets coupled with their algorithms used for sorting and targeting people based on race, religion, ethnicity, gender, political beliefs, etc. could be used to enable the most powerful fascist dictator in history.
I don't like to blame the tools, but Facebook was used in this way by Trump and the Russians. So there is a current day example. That said, claiming these are "mass surveillance" apparatuses is quite some rhetoric. While they can be used for this, they also have many other users. The were not created to be state surveillance and routinely fight state control of their data.
Like all powerful technology, I don't think trying to ban it is the answer. Rather, stronger regulation over how it's allowed to be used.
When I think of what I read of the Nazis, and my impressions of them, I would say nobody was "safe". The declaration of groups or individuals as enemies is on a whim, at least always reserves the right to be, and it never ends, that is the point.
The more you have to offer to totalitarianism, the more reason to be coerced in all sorts of ways. Loyalty is not enough, even the most loyal must be broken on principle. In the end, one might end up doing stuff so loved ones don't get horribly tortured, while pretending to do it for X and Y reasons, but it won't really be for those reasons (anymore). And that will fester and eat at a person, some way or another.
Even Stalin and Hitler both kinda ended like dogs. None of them were ever as happy and genuinely proud (by genuine I mean not in some alienated, hysterical, infantile way) as, say, Sophie Scholl, even though she was imprisoned and murdered. They did get the shitty end of the deal, in a sense. They could kill people, but that didn't make themselves more alive. And they were damaged long before they damaged anyone else, that goes with the territory. You don't even get to be a "police state cop", not a small time one, and not a leader, with intact humanity.
> Hobbes was the true, though never fully recognized, philosopher of the bourgeoisie because he realized that acquisition of wealth conceived as a never-ending process can be guaranteed only by the seizure of political power, for the accumulating process must sooner or later force open all existing territorial limits. He foresaw that a society which had entered the path of never-ending acquisition had to engineer a dynamic political organization capable of a corresponding never-ending process of power generation. He even, through sheer force of imagination, was able to outline the main psychological traits of the new type of man who would fit into such a society and its tyrannical body politic. He foresaw the necessary idolatry of power itself by this new human type, that he would be flattered at being called a power-thirsty animal, although actually society would force him to surrender all his natural forces, his virtues and his vices, and would make him the poor meek little fellow who has not even the right to rise against tyranny, and who, far from striving for power, submits to any existing government and does not stir even when his best friend falls an innocent victim to an incomprehensible raison d'etat.
> For a Commonwealth based on the accumulated and monopolized power of all its individual members necessarily leaves each person powerless, deprived of his natural and human capacities. It leaves him degraded into a cog in the power-accumulating machine, free to console himself with sublime thoughts about the ultimate destiny of this machine, which itself is constructed in such a way that it can devour the globe simply by following its own inherent law.
-- Hannah Arendt, "The Origins of Totalitarianism"
> If the ability to tell right from wrong should have anything to do with the ability to think, then we must be able to "demand" its exercise in every sane person no matter how erudite or ignorant.
-- Hannah Arendt, "The Life of the Mind: The Groundbreaking Investigation on How We Think"
It's not that we don't have a good analysis. I would even say what needs to be done, at least on an individual level, kinda fits on a stamp, the trouble is that our courage and honesty do, too.
Compare to the carrier and media conglomerate monopolies which don't receive any rhetorical pushes against them as monopolies. Despite them literally being the only option in many localities - and not even tiny ones either.