Another point to consider - how efficient/productive/useful is the typical tech company really? How innovative is the typical tech company? From my experience, the majority of them are focused more on marketing and enshitification, than actually building innovative and useful technology. And at the end of the day most of the profit from this goes to a relatively small number of people in a highly unequal way.

What prevents 10000 experienced engineers from organizing, investing their own money and working to build data centers and an open LLM (for example), and sharing any profit fairly? I know that in practice there are many reasons, but I don't see why this isn't a solveable problem.