The continued rise of digital platform monopolies – the dominant organisational form of contemporary capitalism – is likely to further concentrate economic gains and will drive debates about how data should be governed.
I guess we’re talking about Facebook, Amazon and Google here, yes?
Turnover of a company is the wrong thing to look at, should be wages plus profits to equate to GDP. However, ignoring that – $30 billion Facebook, Google $100 billion, Amazon $135 billion.
Call that $300 billion among friends. US economy is around $20 trillion. That, overmeasured – and I’m comparing global to national GDP as well – is some 1.5% of the economy. Concentration, eh?