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by xLaszlo 775 days ago
It's a question of "What is the economy for?"

Disruptive tech monopolies upset entire existing industries for the sake of their owners/shareholders/employees, which is usually tiny compared to the said industries.

(Think of FB/Google advertisement centralisation as the end of other media providers.)

2 comments

And have significant externalities which democratic societies must bear, but allow for the tech monopoly shareholders to reap more profits.
And textile mills completely decimated the "putting-out" system of production.