
I'm an old guy. Not "really" old - 52 - but I've been in "computing" for my entire life (starting in 1959 with an analog computing "toy" my Dad built for me), and believe me, I've "seen the Elephant" up close and personal many times. Because of this perspective I've got a comment or two to make.
IBM "owned" computing for a generation back in the 1940's. Then UNIVAC "owned" computing for a generation in the 1950's. IBM regained "ownership" of computing for nearly two generations from the 1960's to the 1980's. Then Microsoft "owned" computing up to the present.
And, mind you, this was "utility computing" in the broadest sense: a common set of tools used for many, diverse tasks, ranging from compiling data from the US Census to banking book-keeping to airline reservations systems to military C3 and logistics to scientific research. Each "generation" grew from a confused set of competitors into a single cost-effective solution, to a "stable" plateau...that the next "generation" built on top of and away from.
This is the "way of life" for Technology. It's almost Darwinian - the "fittest" (and you need to look at this in a VERY broad perspective) displace the less-fit the same way that mammals displaced the dinosaurs, slowly but inevitably, over a "long" period of time. IT is simply one place that we can "see" evolution working in a human time scale. Think about it: how many silicon "generations" pass between each Epochal Computing generation? Mechanical relays gave way to vacuum tubes, to transistors, to the first TTL ICs, to MSI and VLSI to ALUs to CPUs to complete systems to complete devices - all within the "generation" dominated by IBM between 1960 and 1990.
So back to the title question: what is "wrong" with Google "owning" Computing for a generation?
Each generation existed in a "love-hate" environment with the "community". UNIVAC was the butt of bad jokes throughout the 1950's: people feared becoming "a number" long before "privacy" meant more than closing the blinds at home. Watch the film "The President's Analyst" for a 1960's view of the same issues that Google presents today. ("The President's Analyst" was prescient in foretelling that the real "evil" was TPC (read: AT&T) long before the Patriot Act made the warning a reality.)
Google *MAY* be the "next generation" of Computing. If it is, it is joins the long procession of foraminiferals, trilobites, dinosaurs, mammals and primates that have gone before it...and will no doubt succeed it. It will go through the same life-cycle that the dominant "species" of Computing did before it: from upstart to major player to ravenous Bugblatter Beast to Oppressive Giant...to rotting empire to giant corpse, replaced by the "next-next generation" that we can't see yet, but whose seeds are starting to sprout even now.
***IMPORTANT COMMENT FOLLOWS***
The single benefit that a megalith like Microsoft or Google brings to the world is STABILITY, or, as my Dad called it "the Umbrella". He competed with IBM for major data center installations for his entire life: he always referred to IBM as "the umbrella that allows small players to grow without being killed by the rain of competition". IBM didn't care about mini-computers or PCs because they lived small and fragmented far below its data center focus. IBM even nurtured the nascent PC culture in its infancy, treating it as a symbiont that "cleaned up" some of the problems that the data center could not address. The little "rats" of the PC world started by eating the "poo" of the data center (Visicalc, Lotus 123, WordPerfect) by converting "reports" into human-readable form. Then, slowly but suddenly, the PC started taking work away from the data center, until today, the dinosaur mainframe is nothing more than the front-end to the SAN farm of the modern data center, and all the "work" is being done on desktops or departmental clusters. The "rat" ate the "host".
But the "dinosaur" protected the little "rat" by shielding it from the Big Problems until the "rat" grew strong enough to survive and attack the "dinosaur" on its own.
And today we have Microsoft "protecting" the "rat" of Google by legitimizing search and integration and even "utility" functions - but, just like the mainframe vendors before it, Microsoft is focusing on protecting its turf from the wrong predators...and will eventually be eaten by the very "rats" it is beginning to compete with today.
So maybe we'll be subjected to ten or twenty years of a Google monarchy. A new ecosystem will grow, new business will flourish in this new world; many, many people will grow rich and prosperous, and most of the rest of us will find something to do in the new environment that we couldn't do before. The global GDP will grow again - a little or a lot, who knows? - and life will go on.
And, somewhere in the bowels of the Utility Computing World Order, little mice will began to gnaw on the "poo" of the Google dinosaur, and the seeds of the next-next generation will start to grow.