The railroads in the US went through a growth phase, a consolidation phase, and then they kind of merged with the government in their decline. They're still private industries, but pensions, for example are maintained through the federal government.
The tech industry did roughly the same thing. There was a rapid growth phase during the dot com bubble. When that popped, there was a period of consolidation so now Google, Facebook, Amazon, etc... dominate the industry. Those companies merged with the government to a degree, either as contractors or by implementing policy, e.g. censorship and pushing government propaganda.
The tech industry probably passed the point of diminishing returns a while ago. Does anyone really want or need "5G" networks, except for specific applications? Then would anyone need a 6G network? In some places, it's possible to get fiber to the home and replace a cable modem that "only" provides 200 mbps downloads, but does anyone really use 200 megabits anyway?
Self driving cars are pretty stupid. Drone package delivery is dumber. Some tech schemes are outright dumb scams that make no sense at all, like the "Hyperloop". Things like 3D printed houses attract media attention, and get breathless PR coverage from corrupt shills, but really have limited application.
The government and financial system seem intent on providing credit to the tech industry ad infinitum. That's essentially what the "4th Industrial Revolution" plan is--the Scam of Scams to try to avoid the diminishing/negative return on investment issue the railroads faced.
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