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And this is also why the establishment rightfully fears disruption: because they could have done marginal improvements for a long time: they chose not to for va
by 1996 8y ago
And this is also why the establishment rightfully fears disruption: because they could have done marginal improvements for a long time: they chose not to for valid strategic reasons. But then there is a competitor which leapfrogs all that and who threatens to just wipe them out!
Once it happens, as usual, the establishment begs/lobbies for political protection (think about jobs!) which will often be granted. But political favors can just at best slow their demise.
Reusable spacex rockets will be to the EU spatial industry what uber was to its taxis: turning them immediately irrelevant, and unsavageable as an industry.
A better example might be the high administrative costs of the US healthcare system. Obamacare couldn't cut all these jobs during a downturn, so they were preserved. But even now, for a lot of people it makes more sense to opt out of that craziness and just get healthcare abroad. This sector is ripe for disruption. Maybe not now, but in 10 years even more so.
- ahartmetz 8y agoThe taxi thing totally did not happen in most European countries. Taxis are just fine here (specifically: in Germany), and the labor regulations, too, so Uber can kindly take a hike.
- 1996 8y agoPolitical connections make miracles happen!
- ahartmetz 8y agoNot sure what you are talking about.
- 1996 8y agoI mean that surely, the existence and political power of taxi unions are orthogonal to the decision by various government to protect the taxis! The governments have just acted in the interest of the public, as usual.
- ahartmetz 8y agoDunno, not much happened. Uber came in, broke the law, and went. The law already existed, and the taxi organizations aren't particularly powerful. Note that anybody can start driving taxis here after some mandatory course and exam, there's no bullion system.
- 1996 8y agoMaybe, but I would still be surprised if whoever gives this courses and exams did not lobby for them to be applied to uber as you said, "it broke the law": the law is made to benefit incumbants, not newcomers.
- ahartmetz 8y agoIt is true that taxi organizations lobbied ahainst Uber, but they had public opinion on their side. Uber is the one that was perceived as exploitative.