Decades ago, one of the biggest monopolies to ever survive in America was Ma Bell. The phone giant provided the telecommunications for just about everyone. It was either Ma Bell or nothing. Shervin Pishevar now identifies a number of businesses that have a similar monopoly in the United States.
Facebook, Apple, Microsoft, Amazon, and Alphabet are five monopolies that Shervin Pishevar has named. They have access to more data than your average sovereign nation. Plus, they continue to grow in power.
Why are they a problem?
One of the biggest problems that Shervin Pishevar has with these monopolies is that they’re controlling everything. They aren’t allowing any kind of competition to enter. Any entrepreneurial business that attempts to compete is quickly bought up. While this can put money into the pocket of the entrepreneur, it’s not allowing for new companies to enter the marketplace.
Shervin Pishevar, who has invested in companies like Uber and Airbnb, has reason to be concerned. If the monopolies continue to grow and silently assassinate their competition, it could be 10 years or more before another big company, like an Uber, comes around.
If the monopolies don’t get stripped of some of their power, it can lead to problems for Americans to have a choice. Ma Bell was broken up, which was what ended up being best for people. Now, it’s time to do the same to companies like Facebook, Amazon, and Alphabet.