[dtquad]

This anti-big-tech hysteria in the US is dangerous. Applying early 20th antitrust thinking to modern tech companies is short sighted and doesn't show the whole picture. These American big tech companies that people like Steve Bannon and Lina Khan want to split up have been responsible for not only the impressive US GDP and wealth recovery and growth since the 2008 financial crisis but also for much of the rest of the world's wealth recovery and growth since the 2008 crisis.

Danish pension funds have 25% allocation on US stocks but ~70% of the total returns in 2022-2024 came from US stocks with big tech companies leading the charge.

[KoolKat23]

Inequality is growing massively, it is also not necessarily the best use of capital, whilst this growth may be big, if it were not so concentrated it would likely be even larger. Concentration of capital leads to inefficiency, a small but relevant example, large mansions and super yachts. The marginal propensity to consume also needs to be considered, we live in a demand driven world.

[ethbr1]

Indeed. I'd argue that failing to apply robust antitrust enforcement (as the US hasn't in the last 20 years) is short-sighted.

It creates monolithic companies that are enormously profitable at the cost of innovation.

Fewer huge companies will never innovate as quickly as a diverse and competitive ecosystem, especially when the cost to develop and deliver is minimal.

Seen another way, the current Big Tech landscape creates artificial barriers that limit startups' access to customers compared to what the internet and mobile previously enabled.

[kentm]

Driving high levels of the total returns off of a handful of advertisement companies doesn’t seem good or sustainable IMO. But

[dtquad]

In that regard the Danish pension funds are actually playing it safer than our neighbors. The Norwegian Sovereign Wealth Fund, the largest of its kind in the world, is 40% US equities (read: US tech stocks) and 10% US private equity (read: more US tech).

Some Norwegians are starting to be concerned but only because they think Trump will seize their assets.

[sc68cal]

"monopolies are good because line goes up"

[dtquad]

>monopolies

Where exactly? They lose market share to every new AI wrapper app and most young people are on the Chinese video app.

>are good because line goes up

The "line goes up" sarcasm really doesn't work when we are actually suddenly in a "line goes down" situation and it clearly sucks.