
I said this elsewhere too, but the bottom panel depicts something other than capitalism, since capitalism definitionally requires a competitive market.
Companies that are ostensibly in competition but not fighting each other too hard, is just another way of saying they are not in competition. It’s not capitalism.
I think it’s silly to get caught up in definitions too. Cory Doctorow calls the bottom panel “techno feudalism” and I think that’s pretty good.