This happened from 2000-2014 when hundreds of Software companies were reduced to four (Apple, Amazon, Google, and Microsoft).
I saw this myself, in Silicon Valley in the Nineties, during the dot-com boom and bust. This was craziness on the largest scale ever seen. Blood was flowing down the aisles between the cubicles.
The people in those cubicles did not see anything. But struggled to meet their mortgage payments. They were not going to say "This is crazy!" because this would cost them their jobs.
Wealth at the top was measured in trillions of dollars, and at the bottom by the sickness produced by Coronavirus.
How these two events are related, no one knows.
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