Quote:
Originally Posted by PeteMoss
Bill Gates and Steve Jobs did do something great in the 70s/80s when they created their companies. After that point - there is a decent argument that their companies huge wealth stifles innovation because you can't compete with them. Is iOS the best phone operating system we could have? Probably not - but no company outside of Google and other huge tech companies have any chance to compete in that market.
Joe Schmo could build the next huge innovation in his garage right now - he'd either immediately get bought out by one of those huge companies or get crushed by them when they copy what he does and then uses their massive capital to make him unable to compete in the market.
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This is an argument about competition. I agree that we need regulation for this.
Ultimately Joe Schmo would have a decision to make and who am I or anyone to say that he shouldn't secure his future when he can. Some people take the money and some don't. It is when the companies become monopolies that it becomes an issue and should be regulated.