Even the market dominance of tech giants is unparalleled. Before regulators broke it up in 1911, Standard Oil controlled about 90 percent of oil business in the United States. Today, Google controls about 92 percent of the search engine market—globally. Roughly one billion people around the world run a search on Google each day. More than two billion check Facebook. And about 1.5 billion people in the world have an iPhone. No government or empire in history has touched so many people at once.
