A monopoly is known as the excessive possession or control of supplies or trades in a particular area or for a particular service. Shervin Pishevar, who is a prominent venture capitalist, posted on Twitter recently. He shared a lot of thoughts, including the power that he feels the monopolies in the United States hold.
Who are the big monopolies?
Shervin Pishevar listed all of the monopolies that he feels have entirely too much power. These were listed in Tweet number 42 of 50 that many business blogs later referred to as a tweet storm.
The monopolies included Apple, Facebook, Amazon, Microsoft, and Alphabet. Each of these holds a significant amount of control in one way or another. Alphabet is the owner of Google while the others are self-explanatory as to the power that they have in the industry and over consumers.
What is the power and why is it a problem?
For most people, the power that these monopolies hold is obvious. However, Shervin Pishevar goes into detail over the next several tweets. He identifies that they have been stifling startups and that they have more power than Ma Bell ever did. What makes these monopolies dangerous is that they have access to data that no sovereign has, giving them even more power. They use their powers both overtly and covertly. They can destroy startups and acquire many of the small businesses via silent assassinations.
Shervin Pishevar warns that if the monopolies are not restrained from using their absolute power, it can prevent startups from becoming truly successful. While he does not provide insight as to how to take the monopolies down, he is spreading the warning in hopes that people will take notice and band together in order to strip the monopolies of some of the power that they currently hold.
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