Earlier quoted context omitted.
Historically there has been an argument in economics over whether markets necessarily tend towards consolidation, and I'm inclined to agree with Stiglitz that they do: https://www.weforum.org/agenda/2016/05/joseph-stiglitz-are-m... Especially in markets with strong network effects. Barring government action, operating systems / platforms will necessarily either directly subsume their most profitable applications, or…
I agree completely. I think history (at least, the past 150 years) has shown this clearly. I've come to see an economy of corporations as a stew that tends to "clump up" and needs to be periodically "stirred" as part of the natural course of its development.
We're just ramping up into the consolidation period now.