Re:Competition Is Dying, and Taking Capitalism with It?
by tjr225 on Thursday November 29, 2018 @01:14AM
(#18558450)
just because software exists on layer(s) of abstraction means nothing. It still requires hardware to run on - and still adheres to the laws of physics. I don't take much stock in your clean argument at all.
Energy, agriculture, transportation - all built on the unintuitive building blocks of physics, and our approximate understanding of the universe. The clean abstraction layers and separation of concerns in IT is unparalleled, with powerful positive feedback begetting further innovations.
Applying advances to other fields also grew economies of scale rapidly, supporting innovation while barriers to entry were low. We're now approaching the end to low-hanging fruit and maturing into the consolidation phase, as further innovation requires greater capital and time commitment.