Extremely wealthy oligarchs that are very connected to the government have existed forever. In the past they controlled railroads, energy supply, the media, mining, etc. There is a fine line between those benefiting from privatization and legalized monopolies. Many billionaires have made their biggest fortunes via government contracts or favors.  This is the nature of our planet and an integral component to the extremes of the free market system. Often it's the direct result of practical realities. Most times, it comes and goes over time. Today we have new oligarchs in the technology industry.

 Consider the following:

1.  For years we were told our electrical supply cannot cater to the new demand of electrical appliances, electricity-driven heating & cooling, EV's etc. More recently the Tech Industry has an urgent need for massive new power supply: By 2028, utilities need to boost annual energy generation by as much as 26% from 2023 levels to meet demand, higher than any US supply growth in the past two decades. Nearly 45% of this new demand is being driven by power-hungry data centres required to support the rollout of AI technologies. Watch how rapidly we figure out more energy supply!

2.  As tech continues to grow, grow, grow in all aspects of our lives, now accelerated via A.I, staffing the infrastructure while remaining profitable is a big challenge. You cannot hire people if you cannot house them. If these staff cannot afford a home ($400,000 or $4 million), based on their income, that business becomes unsustainable. Watch the Tech Industry accelerate home-building in the areas where they need to fill jobs!

3.  In multiple bidding scenarios, how do you compete against someone who is worth many billions? Impossible. The Tech Industry wins.

These are just three simple examples of how, while possibly decrying the imbalanced power achieved by this demographic, we might also seek out opportunity? If you really want to get something done today, know that if there is value to the Tech Industry, chances are you'll succeed.