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The monopolistic goals of powerful technology companies often involve dominating a particular market or industry. This can be seen in the way companies like Google, Amazon, and Facebook have become leading players in their respective fields. They aim to control as much of the market as possible, often through aggressive business strategies and acquisitions of smaller companies. The libertarian goals, on the other hand, are more ideological. Figures like Peter Thiel, a prominent Silicon Valley investor, are known for their libertarian views. They often advocate for minimal government interference in business and believe in the power of free markets and competition to drive innovation and growth.
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Tech companies have dangerously overtaken our economy. In 2006, the top five companies by market capitalization were ExxonMobil, General Electric, Microsoft, CitiGroup, BP and Royal Dutch Shell, worth an average of $288 billion each. In 2016, the top five companies were Apple, Google, Microsoft, Amazon and Facebook, worth on average $476 billion. Early adopters of the internet harked its ability to bring a "long tail" of revenue to individual artists and content creators. Not so. Today in the music business, 80% of the revenues are derived from 1% of artists. Compare this to the 1980s, where 80% of music industry revenues came from 20% of the content. Silicon Valley bigwigs like Peter Thiel, founder of PayPal and early Facebook investor, believe in themselves as brilliant savants whose sheer genius birthed the age of the internet. Thiel is an avowed libertarian and rejects the value of government aid or interference. The irony is that "the internet was conceived and paid for by the US ...
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Ever wonder why Silicon Valley seems omnipotent in every arena, not only in technology and business but also in government, public policy, academia, t...
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