I am very pro capitalism and growth. I understand and agree with many of the issues but the alternatives, esp socialism has the fatal problem of concentration of power in the State. Capitalism has some built-in power distribution - less so now with state-led capitalism in the age of Big Tech. But it is also true that in a populous and poor country like India, the interest of capital and labour are almost never aligned. Of late, I have sat in meetings after meetings where industry has rightly complained that young graduates are completely unskilled. But this has been used by industry to artificially depress wages in multiple ways, one such pernicious route is artificially long "training" categorisation (2 years!) for relatively simple wok just to not pay adequate wages.
I said this I forgot to who but I said it
BigTech will eventually come for all apps / startups / companies because they can fill the niches now that before could not because they were too small
Those niches is where entrepeneurs hung out, nice parts of the market people could build a little SaaS with $100K/y to even $100M/y, notjing like the $100B/y revenue BigTech was doing, but worth it
With AI now BigTech can fill those niches + they are the ones training and owning the best models, and keeping the best models for themselves they can outcompete anyone who doesn't own them (everyone except other BigTech)
End game for their survival is simply trying to take every business, it's just capitalism
This completely changes the prospect for entrepreneurs as there won't be much left, because BigTech is financially incentivized to have to take everything
Because if they don't, their competitor will!
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