Disruption is nothing new; it's been happening for millennia. I think the pace of modern disruption is much faster than in the past -- but IMO this has more to

Disruption is nothing new; it's been happening for millennia. I think the pace of modern disruption is much faster than in the past -- but IMO this has more to do with global population levels. Technology was an enabler here, but really what we've seen is that world population has grown so much that formerly "niche" markets are now quite viable simply based on sheer numbers. A higher number of viable niche markets means more adjacent markets to try to disrupt bigger markets from, leading to a constant cycle of disruption. In many senses, "disruptive" simply means "a greater share of revenue goes to the shareholders". This allows "disruptive" companies to win in price-competitive markets, but it has the side effect of consolidating economic wins in single layer of the economy at a macro level. Advances in capital finance without accompanying advances in worker protections led to this; but again, thanks to the population mentioned above, there's not exactly a worker shortage and thus no pressure for worker protections from the political class.