According to Shervin Pishevar, monopolies like Amazon, Google, Apple, Microsoft, and Facebook limit the growth of small startups. This adversely impacts innovation. It results in the centralization of new ideas. The whole economy suffers in this situation.
The monopolies described by Shervin Pishevar have been an enemy of capitalism since the advent of the global economy. Nevertheless, they grew strong enough to set the stage for central banks. Alone, these events are not the most desirable circumstances. However, combined with nearly absolute power the result is a stifling of the economy.
These organizations have even demonstrated an ability to circumvent first world governments. Shervin Pishevar compels one to consider, that with so much power at their disposal, how can small startups expect to compete, let alone turn a profit. Notice that the monopolies discussed here are all US companies. The US is home to small business. This illustrates the magnitude of the global domination that big businesses have over the world.
“In an age when a startup like Brandless can gain serious traction, P&G investors have got to reconsider what it means to be the world’s largest consumer-products company.” cc @brandless @TinaSharkey @idoleffler https://t.co/oz5x4hhqXm
— Shervin Pishevar (@shervin) March 30, 2018
The technology sector becomes a bigger part of the global economy with each passing year. Innovation has shown to be critical to technological advancement. This sector does not stand still. One can only speculate what might happen if it did. It is a foregone conclusion that computers will become faster, homes smarter, and cars more automated. These occurrences are as secure as when oil was compared to gold. Technological innovation is so impactful that philanthropic organizations dedicate their efforts toward digital interconnectivity. This includes the most remote regions of the third world.
As important as technology is to the economy and innovation is to technology, ideas are the starting point. Without ideas, innovation might only be limited to speed. All the world could be still sitting in front of high-performance PC’s without smartphones if it were not for idea men like Steve Jobs. This is where Shervin Pishevar shines. Small business is the breeding grounds for ideas. Yes, large corporations have formidable research and development departments, but they have an underlying agenda. Corporations need to make administrative decisions that blind them to possibilities that small businesses find apparent.