How has the Monopoly of the Web effected the economy, society & industry?

Abstract

Since Tim Berners-Lee famously launched the World Wide Web it has been a historical masterpiece. The main protagonist in the rise of Internet Monopolists like Google, Facebook and Amazon, and the fall of Blockbuster, HMV and Walmart. The dissertations focus is on Internet Monopolists like Sergey Brin, Jeff Bezos and Mark Zuckerberg who dominate the Web. An analysis of the development of the Web from Web 1.0 though to the latter stages of Web 2.0 and the future for the Web, Web 3.0, otherwise known as the Semantic Web. Studying at the work of Andrew Keen, James Slevin, Tim Wu and many other professionals, the dissertation justifies how the Web has positively and negatively affected key aspects of everyday life, addressing issues such as Employability, Security, Money, and Competition. I feel that in modern society, money is the motivator, without money there would be no dominance. Monopolist companies like Google, Facebook and Amazon are leaders in the global market, dominating other companies in their respective Web sectors. Through the application of literature and personal research, a conclusion can be justified as to what sort of effect the Web has had on the economy, society and industry. Methods used in gathering data include quantitative questionnaires, and data gathered is used in seeking a clear answer to the question, ‘How has the Monopoly of the Web effected the economy, society & industry?’. It is hoped the dissertation will inform researchers and practitioners about the influence internet monopolists have on the economy, society and industry.