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Comment by s3r3nity | Hacker News Reader

>I really hope Big Tech, including but not limited to Apple, gets broken up, they've gotten too big and have expanded far beyond tech, and I'm not sure we're all the better for it.

Many of our retirement and wealth portfolios would beg to differ. S&P minus FAANG is virtually flat for the past few years (and depending upon which estimate you observe, likely negative if you factor inflation); almost all of the growth in the S&P 500 is from tech growth.

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All hail Moloch, who giveth and taketh our money under threat of distress if we do not offer all to him.

What’s your preferred alternative?

Not financial capitalism?

> S&P minus FAANG is virtually flat for the past few years

I don't know if this is true or not; but regardless, that's the whole point of this. The US won't be moving to file sweeping anti-trust cases against failing companies.

We need more competitors, we need more diverse tech companies. A few large players that are siphoning all the value and dictating how technology evolves isn't optimal for the things I value.

The growth will happen regardless, don't worry.

> The growth will happen regardless, don't worry.

I do not see why this has to be true (especially with declining fertility rates). Scale itself is a competitive advantage, especially when competing against a well oiled machine like China. The game is global, not national.

"Too big to fail"

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