PT said that in context of Google which is a search monopoly but pretends to me a media company where it might seem like just another fish in the pond.

That analogy is not applicable here because PT is referring to businesses who capture market by innovation and growth and become monopolies. I am reasonably sure PT is not referring to monopolies like USPS/AT&T/COMCAST/Cable Companies who have become monopolies using government's coercive power.

If you are running a business where your only customer is government and you are a monopoly I don't think anyone cares about innovation much. I would love to see counter examples if you have any.