Capitalism and Big tech
CAPITALISM AND BIG TECH Capitalism is the economic system of a country where the industries are privatized and these are a for-profit organization, they don’t operate with the help of tax-payers money. It basically creates a free-market zone, which allows entry of any player so that consumers get a wide gamut of choices with better prices. But what capitalism really meant has eroded over time. The “free market”, now has a high barrier of entry and small players find difficult to sustain against the big ones. Well, we will talk about this today, how financial market leads to the rise of big tech. And how tech companies have switched from the promise of 99% innovation and 1% shareholders to 99% shareholders and 1% innovation. The Internet has changed us more than any form of evolution that we went through the last 10,000 years. It is comparable to the time when man first started to roam out of the cage. The amount of information that rushed from his retina to his brain, is fairly co...