Tech's Top 10 Now Dwarf Combined G7 Economies
Source: a16z
The concentration of market value in a handful of software-driven companies has reached a scale that inverts traditional measures of economic power—the ten largest public firms now command more value than the entire productive output of Canada, France, Germany, Italy, Japan, and the UK combined. Software companies extract global rents through network effects and data moats rather than competing on marginal productivity improvements in physical goods. For brand and growth strategy, the consequence is stark: companies betting on traditional scaling within industrial or service sectors operate in a different valuation regime than those capturing winner-take-most dynamics in digital platforms.