Facebook, Google and Amazon come to mind first as the behemoth companies that have arrived at winner-take-all status and now function more or less as monopolies. Microsoft used to be that way, and they do still rule office software, but they are not as dominant as they used to be. Apple would gladly join that club, but Samsung keeps getting in the way.
But it seems to me that the goal of any modern internet tech business is either joining this club or getting acquired by one of them. One argument in favor of this says that since everything is as cheap as possible or even “free”, we consumers all benefit.
Is this a good thing? What are the larger consequences of this reality? And is there a different way to structure the economics of the Internet?