Which golden goose has died or is going to? Tech profits are through the roof and have never been better, while growth continues unabated. The only thing big tech is facing are speeding fines and regional constraints on growth, which it can trivially afford (it has been a decade of the same talk while big tech has gotten massively bigger).
The US tech golden goose is going to get bigger and richer yet. It should only take you a few moments to estimate reasonably where eg Microsoft is going this decade (~$140+ billion in operating income, probably the size of all of Europe's tech companies op income combined in one company).
Seems like just another low-effort dig at greenwald? He's got haters for sure but they never seem to have substantive arguments... or at least none that I've seen.
Which golden goose has died or is going to? Tech profits are through the roof and have never been better, while growth continues unabated. The only thing big tech is facing are speeding fines and regional constraints on growth, which it can trivially afford (it has been a decade of the same talk while big tech has gotten massively bigger).
Operating income: Apple $117 billion, Microsoft $78b, Google $78b, Facebook $46b, Amazon $25b, Intel $22b, Cisco $14b, Oracle $11b, Qualcomm $11b, Nvidia $10b, Micron $10b, Broadcom $10b, Texas Instruments $9b, Applied Materials $8b, Adobe $6b, Netflix $6b
For reference ASML is at $7b and SAP is at $5b.
The US tech golden goose is going to get bigger and richer yet. It should only take you a few moments to estimate reasonably where eg Microsoft is going this decade (~$140+ billion in operating income, probably the size of all of Europe's tech companies op income combined in one company).