Earlier quoted context omitted.
The railroads drama ended when JP Morgan (the person, not yet the entity) brought all the railroad bosses together, said "you all answer to me because I represent your investors / shareholders", and forced a wave of consolidation and syndicates because competition was bad for business. Then all the farmers in the midwest went broke not because they couldn't get their goods to market, but because JP Morgan's consolida…
> Consolidation and monopoly over your competition is always the end goal. Surely that's only possible when you have a large barrier to entry? What's going to be that barrier in this case - cos it turns out not to be neither training costs/hardware or secret expertise.
'Can't have your data going to China'
'Can't allow companies that do censorship aligned with foreign nations'
'This company violated our laws and used an American company's tech for their training unfairly'
And the government choosing winners.
'The government in announcing 500 billion going to these chosen winners, anyone else take the hint, give up, you won't get government contracts but will get pressure'.
Good thing nobody is making these sorts of arguments today.