If you saw, for example, how deals that lock up fabrication resources (and the surrounding global politics) work to prevent competition, you’d see one small example out of many that illustrate how smaller competitors can’t keep up.
As for the rest of your comment, I am actually a HUGE FAN of vertical integration. But your connection is a non sequitur because a $100B company can do everything the way Apple does if and only if there isn’t a $1T company next door locking up every single one of the best chip engineers, industrial designers, worldwide supply of miniature CNC machines, & etc with golden handcuffs, trade deals, capital and etc that only a monopoly could afford.
Our theoretical $100B company would still have some of the greats. But right now, some ridiculous percentage of engineers and infrastructure are controlled by like 5 tech companies. It isn’t healthy for individual citizens, and it misses huge opportunity costs if you compare it to a truly competitive economy with enforced rules against monopolies or oligopolies.
It’s one of the truly rare situations where proper, concise and well-planned government intervention (in other words, laws!) could and should help.
As for the rest of your comment, I am actually a HUGE FAN of vertical integration. But your connection is a non sequitur because a $100B company can do everything the way Apple does if and only if there isn’t a $1T company next door locking up every single one of the best chip engineers, industrial designers, worldwide supply of miniature CNC machines, & etc with golden handcuffs, trade deals, capital and etc that only a monopoly could afford.
Our theoretical $100B company would still have some of the greats. But right now, some ridiculous percentage of engineers and infrastructure are controlled by like 5 tech companies. It isn’t healthy for individual citizens, and it misses huge opportunity costs if you compare it to a truly competitive economy with enforced rules against monopolies or oligopolies.
It’s one of the truly rare situations where proper, concise and well-planned government intervention (in other words, laws!) could and should help.