> [...] if Satya and the Board spin off gaming into an independent company at some point.
I certainly think this should happen.
The trillion dollar giants should not span multiple industries. They have absurd monopoly power and can make growing your own niche impossible.
Why does a cloud computing / operating system vendor / hardware manufacturer / business software / developer tooling company also own the third biggest gaming outfit?
Why, for that matter, are Amazon and Apple also movie studios (and soon to be game studios)?
This is ridiculous. These companies never have to compete with you. It's easy for them to funnel money into any effort and clone your product. You can struggle to grow revenue and they can simply allocate an engineering team and marketing budget.
You'll probably also have to buy your competitor's products or pay their taxes at some point.
What's funny is that when EPB of Chattanooga decided they wanted a Fiber Network to build their smart power grid around, Comcast said no.
So they built their own, and Comcast started suing them. A lot of stupid lobby fights later, and EPB Fiber Optics became a separate company with a loan from EPB (power company). Both wholly owned by the City of Chattanooga. EPB had to keep all power monies and all internet monies completely seperate in order to operate; otherwise, they would have too much of a competitive advantage over Comcast.
For the customer, it's just EPB, but for legalize and accountants, it's two completely separate companies, and money isn't allowed to go from the power division to the internet division and vice versa.
Imagine if these conglomerates had to do similar type of accounting. I don't know if that would be a positive for the customer/consumer, but it's an interesting thought exercise. Amazon might even consider shutting down quite a bit of e-commerce if they couldn't subsidize it with AWS...
Are you saying it's a good thing that Comcast was able to break up an upstart competitor? I'm not sure a world where that's easier would have fewer monopolies to today. Even in your example the large and established company was suing the upstart.
I do think advanced scrutiny of government owned companies is a good thing. I also think allowing Comcast to continue to compete with EPB was also a good thing.
I don't think Comcast is in a position to claim victimhood, nor is EPB. However, I would be interested in seeing this type of accounting being enforced for companies that receive grants and significant tax breaks/advantages and have localized enforced monopolies, such as Comcast and several other large companies.
I'm honestly taken aback by how middle of the road you are about that situation.
In what world is it a good thing that instead of accepting an offer to provide a needed service that you're in the business of, you refuse the offer and sue/lobby the requester into submission out of spite.
I didnt say I liked that Comcast was allowed to lobby to block EPB. But EPB won and they also won customer appeal.
If you read what I said, Comcast, having received billions from the government to build fiber optic networks that they never built, should be under advanced scrutiny, perhaps forced to keep their internet providing monies separate from their TV cable system monies.
Feudalism is an entirely different beast and either didn't exist or had minor global presence throughout the whole period you listed. Even listing the ancient Achaemenid Empire for example would make more sense in this context.
How would you describe the post-Carolingian economic organization of Europe?
What I was casting about for was the earliest example of innovation-suppressing economic subordination by force, over a wide area.
The Achaemenid (or later Abbasid) seem have featured more individual freedom, with regards to innovation, and less maximally-taxing policy to redirect economic output to ostensible land owners.
If your contention is that feudalism is an inaccurate lense through which to view medieval Europe, then okay.
But the taxing and redirection of excess economic output, accomplished through ownership and lending of land, leading to an underperforming history of innovation, seems borne out by the history of Europe, regardless of the intricacies or framework through which it's viewed.
And that seems pretty on point for exactly what everyone is decrying with regards to consolidation into conglomerates in the tech sector.
I certainly think this should happen.
The trillion dollar giants should not span multiple industries. They have absurd monopoly power and can make growing your own niche impossible.
Why does a cloud computing / operating system vendor / hardware manufacturer / business software / developer tooling company also own the third biggest gaming outfit?
Why, for that matter, are Amazon and Apple also movie studios (and soon to be game studios)?
This is ridiculous. These companies never have to compete with you. It's easy for them to funnel money into any effort and clone your product. You can struggle to grow revenue and they can simply allocate an engineering team and marketing budget.
You'll probably also have to buy your competitor's products or pay their taxes at some point.