--- title: "Meaning & Key Takeaway of: Today, we have our own concentrations of…" description: "\"Today, we have our own concentrations of economic power. Instead of Standard Oil, U.S. Steel, the Union Pacific Railroad, and J. P. Morgan and Company,..." image: "https://sms4smile.com/quotes/i/5d0/george-packer-2917_amazon_today-we-have-our-own-concentrations-of_1391928.png" --- # Today, we have our own concentrations of economic power… ![“Today, we have our own concentrations of economic power. Instead of Standard Oil, U.S. Steel, the Union Pacific Railroad, and J. P. Morgan and Company, we have Amazon, Google, Apple, Facebook, and Microsoft.” quote by George Packer](https://sms4smile.com/quotes/i/5d0/george-packer-2917_amazon_today-we-have-our-own-concentrations-of_1391928.png) [Download](https://sms4smile.com/quotes/i/5d0/george-packer-2917_amazon_today-we-have-our-own-concentrations-of_1391928.png) [Open image](https://sms4smile.com/quotes/i/5d0/george-packer-2917_amazon_today-we-have-our-own-concentrations-of_1391928.png) > “Today, we have our own concentrations of economic power. Instead of Standard Oil, U.S. Steel, the Union Pacific Railroad, and J. P. Morgan and Company, we have Amazon, Google, Apple, Facebook, and Microsoft.” [George Packer](https://sms4smile.com/quotes/author/george-packer/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic power has shifted from early 20th‑century monopolies to modern tech giants **In simple terms:** Tech companies dominate today’s economy Key Takeaway Recognize the influence of tech giants Themes economics history technology Mood analytical concerned Type expository informative When to use this quote - policy debates - investment decisions - consumer awareness Key Concepts monopolies digital economy market concentration Questions to Reflect On - How does this shift affect society? - What regulations are needed? A Different Perspective Tech dominance raises concerns about competition ★ ★ ★ ★ ★ No ratings yet [Amazon](https://sms4smile.com/quotes/about/amazon/) [Apples](https://sms4smile.com/quotes/about/apples/) [Business](https://sms4smile.com/quotes/about/business/) [Company](https://sms4smile.com/quotes/about/company/) [Company Amazon](https://sms4smile.com/quotes/about/company-amazon-4642552/) [Concentration](https://sms4smile.com/quotes/about/concentration/) [Concentrations Economic](https://sms4smile.com/quotes/about/concentrations-economic-4854056/) [Economic](https://sms4smile.com/quotes/about/economic/) [Economic power](https://sms4smile.com/quotes/about/economic-power/) [Economics](https://sms4smile.com/quotes/about/economics/) [Google](https://sms4smile.com/quotes/about/google/) [Microsoft](https://sms4smile.com/quotes/about/microsoft/) [Oil](https://sms4smile.com/quotes/about/oil/) [Pacific](https://sms4smile.com/quotes/about/pacific/) [Power](https://sms4smile.com/quotes/about/power/) [Power Instead](https://sms4smile.com/quotes/about/power-instead-3961625/) [Railroad](https://sms4smile.com/quotes/about/railroad/) [Railroads](https://sms4smile.com/quotes/about/railroads/) [Standard oil](https://sms4smile.com/quotes/about/standard-oil/) [Standards](https://sms4smile.com/quotes/about/standards/) [Steel](https://sms4smile.com/quotes/about/steel/) [Today](https://sms4smile.com/quotes/about/today/) [Unions](https://sms4smile.com/quotes/about/unions/) ## Related quotes > [Our philosophy is, using internet technology, we can make every company become Amazon.](https://sms4smile.com/quotes/jack-ma/our-philosophy-is-using-internet-technology-we-can-make-every-company/) [Jack Ma](https://sms4smile.com/quotes/author/jack-ma/) > [“Power is not something to be destroyed: that remains beyond our means. What we can do, however, is understand its mechanism and do everything…](https://sms4smile.com/quotes/guy-hocquenghem/power-is-not-something-to-be-destroyed-that-remains-beyond-our-means/) [Guy Hocquenghem](https://sms4smile.com/quotes/author/guy-hocquenghem/) > [“We are not an e-commerce company, although we have the largest e-commerce business in the world. We’re not eBay. We do not buy and…](https://sms4smile.com/quotes/suk-lee/we-are-not-an-e-commerce-company-although-we-have-the-largest-e/) [Suk Lee](https://sms4smile.com/quotes/author/suk-lee/) > [I tend to think that knowledge is preceded by power instead of the other way around.](https://sms4smile.com/quotes/zephyr-teachout/i-tend-to-think-that-knowledge-is-preceded-by-power-instead-of-the/) [Zephyr Teachout](https://sms4smile.com/quotes/author/zephyr-teachout/) > [These international bankers and Rockefeller Standard Oil interests control the majority of newspapers and the columns of these papers to club into submission or…](https://sms4smile.com/quotes/theodore-roosevelt/these-international-bankers-and-rockefeller-standard-oil-interests-2/) [Theodore Roosevelt](https://sms4smile.com/quotes/author/theodore-roosevelt/) > [One of the most depressing features of the ethical side of the matter is that instead of such methods arousing contempt they are more…](https://sms4smile.com/quotes/ida-tarbell/one-of-the-most-depressing-features-of-the-ethical-side-of-the-matter/) [Ida Tarbell](https://sms4smile.com/quotes/author/ida-tarbell/) > [I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I brought light to the Dominican Republic for American sugar…](https://sms4smile.com/quotes/smedley-butler/i-helped-purify-nicaragua-for-the-international-banking-house-of/) [Smedley Butler](https://sms4smile.com/quotes/author/smedley-butler/) > [ I'm glad I wrote the book to show what I found out about the \[ Standard Oil Company\]. I'm glad many people read my… ](https://sms4smile.com/quotes/john-d-rockefeller/i-m-glad-i-wrote-the-book-to-show-what-i-found-out-about-the-standard/) [John D. Rockefeller](https://sms4smile.com/quotes/author/john-d-rockefeller/) > [Nike used to be known as Blue Ribbon Sports. What's now Sara Lee used to be Consolidated Foods. And Exxon was once Standard Oil…](https://sms4smile.com/quotes/james-surowiecki/nike-used-to-be-known-as-blue-ribbon-sports-what-s-now-sara-lee-used/) [James Surowiecki](https://sms4smile.com/quotes/author/james-surowiecki/) > [Rockefeller and his associates did not build the Standard Oil Co. in the board rooms of Wall Street banks. They fought their way to…](https://sms4smile.com/quotes/ida-tarbell/rockefeller-and-his-associates-did-not-build-the-standard-oil-co-in/) [Ida Tarbell](https://sms4smile.com/quotes/author/ida-tarbell/) > [Now, if the Standard Oil Company were the only concern in the country guilty of the practices which have given it monopolistic power, this…](https://sms4smile.com/quotes/ida-tarbell/now-if-the-standard-oil-company-were-the-only-concern-in-the-country/) [Ida Tarbell](https://sms4smile.com/quotes/author/ida-tarbell/) > [The Catholic Church must be the biggest corporation in the United States. We have a branch office in every neighborhood. Our assets and real…](https://sms4smile.com/quotes/avro-manhattan/the-catholic-church-must-be-the-biggest-corporation-in-the-united/) [Avro Manhattan](https://sms4smile.com/quotes/author/avro-manhattan/) > [I decided to write the book to open the eyes of the people of how corrupt John D. Rockefeller company was and the unfair…](https://sms4smile.com/quotes/ida-tarbell/i-decided-to-write-the-book-to-open-the-eyes-of-the-people-of-how/) [Ida Tarbell](https://sms4smile.com/quotes/author/ida-tarbell/) > [You could transfer Congress over to run Standard Oil or General Motors, and they would have both things bankrupt in two years.](https://sms4smile.com/quotes/will-rogers/you-could-transfer-congress-over-to-run-standard-oil-or-general/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [I helped make Mexico, especially Tampico, safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the…](https://sms4smile.com/quotes/smedley-butler/i-helped-make-mexico-especially-tampico-safe-for-american-oil/) [Smedley Butler](https://sms4smile.com/quotes/author/smedley-butler/) ## More by George Packer > [I don't think they need to be nice to reporters, but the White House seems to imagine that releasing information is like a tap…](https://sms4smile.com/quotes/george-packer/i-don-t-think-they-need-to-be-nice-to-reporters-but-the-white-house/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) > [So many writers grew up in tortured isolation, in revolt against their families. I and my sister were in a house where writing was…](https://sms4smile.com/quotes/george-packer/so-many-writers-grew-up-in-tortured-isolation-in-revolt-against-their/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) > [Afghanistan can't police its borders, and its neighbors give sanctuary and assistance to insurgents.](https://sms4smile.com/quotes/george-packer/afghanistan-can-t-police-its-borders-and-its-neighbors-give-sanctuary/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) > [Hillary Clinton's such a classic Democratic political figure and believes so much in institutions and in gradualism in the old way of reaching compromises…](https://sms4smile.com/quotes/george-packer/hillary-clinton-s-such-a-classic-democratic-political-figure-and/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) > [“In other words, Foxx represented what Sarah Palin (speaking at a campaign fundraiser in Greensboro three weeks before the election) called “the real America,”…](https://sms4smile.com/quotes/george-packer/in-other-words-foxx-represented-what-sarah-palin-speaking-at-a/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) > [America's vast population of working poor can only get so poor before even Walmart is out of reach.](https://sms4smile.com/quotes/george-packer/america-s-vast-population-of-working-poor-can-only-get-so-poor-before/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) > [The Olympics are never just about sports.](https://sms4smile.com/quotes/george-packer/the-olympics-are-never-just-about-sports/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) > ['The Assassins' Gate' is a very tightly controlled story of the ideas that led to the war and the consequences of those ideas in…](https://sms4smile.com/quotes/george-packer/the-assassins-gate-is-a-very-tightly-controlled-story-of-the-ideas/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) > [Amazon's identity and goals are never clear and always fluid, which makes the company destabilizing and intimidating.](https://sms4smile.com/quotes/george-packer/amazon-s-identity-and-goals-are-never-clear-and-always-fluid-which/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) > [Ideology knows the answer before the question has been asked. Principles are something different: a set of values that have to be adapted to…](https://sms4smile.com/quotes/george-packer/ideology-knows-the-answer-before-the-question-has-been-asked/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) > [Everything seems set up for success in digital journalism - money, eyeballs, software, brands.](https://sms4smile.com/quotes/george-packer/everything-seems-set-up-for-success-in-digital-journalism-money/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) > [Climate change joined immigration, job creation, food safety, pilot training, veterans' care, campaign finance, transportation security, labor law, mine safety, wildfire management, and scores…](https://sms4smile.com/quotes/george-packer/climate-change-joined-immigration-job-creation-food-safety-pilot/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) > [Much of the international unease with the Sochi Games has focused on the threat of terrorism, Putin's domestic repressiveness, and the Russian campaign of…](https://sms4smile.com/quotes/george-packer/much-of-the-international-unease-with-the-sochi-games-has-focused-on/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) > [I've been interested in American politics since I was eight. That was in 1968. It was an interesting year. I was a huge Eugene…](https://sms4smile.com/quotes/george-packer/i-ve-been-interested-in-american-politics-since-i-was-eight-that-was/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) > [When I interviewed Paul Bremer in his office, he had almost no books on his shelves. He had a couple of management books, like…](https://sms4smile.com/quotes/george-packer/when-i-interviewed-paul-bremer-in-his-office-he-had-almost-no-books/) [George Packer](https://sms4smile.com/quotes/author/george-packer/) [Explore all 144 George Packer quotes ](https://sms4smile.com/quotes/author/george-packer/) ## More Amazon quotes > [“If Amazon’s dream of a world without gatekeepers becomes reality, then the company itself will become a powerful gatekeeper.”](https://sms4smile.com/quotes/evgeny-morozov/if-amazon-s-dream-of-a-world-without-gatekeepers-becomes-reality-then/) [Evgeny Morozov](https://sms4smile.com/quotes/author/evgeny-morozov/) > [“There was little science to Amazon’s earliest distribution methods. The company held no inventory itself at first. When a customer bought a book, Amazon…](https://sms4smile.com/quotes/brad-stone/there-was-little-science-to-amazon-s-earliest-distribution-methods/) [Brad Stone](https://sms4smile.com/quotes/author/brad-stone/) > [I don't know anything about Amazon's culture; I've never worked there.](https://sms4smile.com/quotes/parker-conrad/i-don-t-know-anything-about-amazon-s-culture-i-ve-never-worked-there/) [Parker Conrad](https://sms4smile.com/quotes/author/parker-conrad/) > [“A responsible woman doesn’t see opportunities and needs and look the other way pretending not to see them rather she gets to work to…](https://sms4smile.com/quotes/agu-jaachynma-n-e/a-responsible-woman-doesn-t-see-opportunities-and-needs-and-look-the/) [Agu Jaachynma N.E](https://sms4smile.com/quotes/author/agu-jaachynma-n-e/) > [“Jeff Bezos is famous for his “2 Pizza Rule” at Amazon: no meeting is to take place if the number of participants is too…](https://sms4smile.com/quotes/david-l-rogers/jeff-bezos-is-famous-for-his-2-pizza-rule-at-amazon-no-meeting-is-to/) [David L Rogers](https://sms4smile.com/quotes/author/david-l-rogers/) > [“The first week after the official launch, they took $12,000 in orders and shipped $846 worth of books, according to Eric Dillon, one of…](https://sms4smile.com/quotes/brad-stone/the-first-week-after-the-official-launch-they-took-12-000-in-orders/) [Brad Stone](https://sms4smile.com/quotes/author/brad-stone/) > [“ Programs has a temporary results leading to nothingness, and the Gospel the brings the result of Eternal life.”](https://sms4smile.com/quotes/tommie-scott/programs-has-a-temporary-results-leading-to-nothingness-and-the/) [Tommie Scott](https://sms4smile.com/quotes/author/tommie-scott/) > [The digital revolution is forever. They put importance on that option as well. With Amazon, you're getting the best of both worlds, with a…](https://sms4smile.com/quotes/nicolas-winding-refn/the-digital-revolution-is-forever-they-put-importance-on-that-option/) [Nicolas Winding Refn](https://sms4smile.com/quotes/author/nicolas-winding-refn/) > [The next time you're looking at a charity, don't ask about the rate of their overhead; ask about the scale of their dreams -…](https://sms4smile.com/quotes/dan-pallotta/the-next-time-you-re-looking-at-a-charity-don-t-ask-about-the-rate-of-2/) [Dan Pallotta](https://sms4smile.com/quotes/author/dan-pallotta/) > [“Sure we do," said Theo, swatting at a branch. "We get to the spring, Alia gets cured. We argue over the best choice for…](https://sms4smile.com/quotes/leigh-bardugo/sure-we-do-said-theo-swatting-at-a-branch-we-get-to-the-spring-alia/) [Leigh Bardugo](https://sms4smile.com/quotes/author/leigh-bardugo/) > [Wonder Woman isn't even American; she's an Amazon princess.](https://sms4smile.com/quotes/jim-lee/wonder-woman-isn-t-even-american-she-s-an-amazon-princess/) [Jim Lee](https://sms4smile.com/quotes/author/jim-lee/) > [Alternative services would mean that there would be services available to compete with Google, Facebook, Amazon, Dropbox, Skype, etc., and they would be run…](https://sms4smile.com/quotes/mikko-hypponen/alternative-services-would-mean-that-there-would-be-services/) [Mikko Hypponen](https://sms4smile.com/quotes/author/mikko-hypponen/) > [“I'd disagree with the characterisations of him as competitive (which I think was just misinterpretation of his ambition) or secretive (which I think is…](https://sms4smile.com/quotes/richard-brandt/i-d-disagree-with-the-characterisations-of-him-as-competitive-which-i/) [Richard Brandt](https://sms4smile.com/quotes/author/richard-brandt/) > [We got latched together and I was hoping you could separate us? (Amanda) They were made by your stepfather. Any chance you have a…](https://sms4smile.com/quotes/sherrilyn-kenyon/we-got-latched-together-and-i-was-hoping-you-could-separate-us-amanda/) [Sherrilyn Kenyon](https://sms4smile.com/quotes/author/sherrilyn-kenyon/) > [I don't like Amazon (wearing my author hat, not my customer hat).](https://sms4smile.com/quotes/charles-stross/i-don-t-like-amazon-wearing-my-author-hat-not-my-customer-hat/) [Charles Stross](https://sms4smile.com/quotes/author/charles-stross/) [Browse all 434 Amazon quotes ](https://sms4smile.com/quotes/about/amazon/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Today, we have our own concentrations of economic power. Instead of Standard Oil, U.S. Steel, the Union Pacific Railroad, and J. P. 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