By that logic, does AWS have huge amount of power? Why does it matter what server the content is hosted on? Aren't almost all websites hosted on a remote server? The only difference is Google gets to choose what shows up on their search, and they always had that control anyway.
Yes, AWS has a huge amount of power, and no, they shouldn’t have it. You need an economy of small businesses to allow innovation and startups. No startup can compete in an economy full of big players.