I agree. A good chunk of the tech trends in the last decade were indeed rent seeking, but silent revolution was happening in the transformers and the neural network architecture domain, which made today's products possible.

And I'd wager that there are silent revolutions happening all across colossus that's the tech industry that will become apparent in the next decade.

Jeff Bezos put it best during his recent interview at the 2024 NYTimes Dealbook Summit, "We're living in multiple golden ages at the same time." There's never been a better time to be alive.