It's almost like that's a consequence of not enforcing anti-trust vigorously enough, allowing capital to accrete in Big Tech, and creating extremely large tech companies whose primary innovation comes from acquiring rather than building.

The reason a competitive ecosystem of tech companies is effective has less to do with market hand magic and more to do with big companies being dumb and conservative, largely as a consequence of their leader selection criteria.

Microsoft missing web and mobile.

Intel missing mobile and GPU.

Google missing productizing AI.