When BlackRock has stake in 95% of fortune 500 companies, and we are forced to use software and services provided by them because no viable FOSS alternatives exist, it becomes, and already is, a big problem.

You have to own a phone to participate in society these days. I need one to even log onto my laptop for work. Eventually I'm sure some form of digital ID / biometric information will be required for verifying my online identity.

It's a slippery slope, and we're sliding into the abyss.