&quot;This, I think, is one of the less talked about revolutions brought about by the internet: the creation of hyper-competitive markets that have led to superior outcomes for consumers.&quot;<p>You mean monopolies, aka videogames are now chained to online DRM, steam is a virtual monopoly in the PC space.  Things are consolidating.<p>The myth that markets are competitive when people are stupid to how much things cost, the vast majority of people have no idea how what they are buying actually costs to make.  Which means you get 5-10$ &quot;gaming mice&quot; marked up to 5-10x.