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It wouldn't be the first time. What happens to the disrupted sector is the people who work there go find new jobs. Then when the giant monopolizer fails the
by hoopd 11y ago
It wouldn't be the first time.
What happens to the disrupted sector is the people who work there go find new jobs. Then when the giant monopolizer fails the sector can't return to the way it was before, too much knowledge has been lost.
Example: if WalMart closed tomorrow most of the thousands of small and medium sized businesses they put under wouldn't come back.
If Uber's model turns out to be unrealistic long-term the intellectual capital lost from the global taxi cab sector will only be partially recoverable.
When a company grows based on money they've earned it's the normal process of scaling. When they grow based on money they've borrowed it's no longer the market giving them the thumbs up, it's a couple of dozen investors. By the time WalMart was rapidly expanding it was clear their business model worked, might be evil but it works. It's not clear that Uber's business model is even legal.