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Underrated comment. Sometimes, we disrupt a business, but fail to disrupt the underlying market forces that shaped the business in the first place. I suspect
by braythwayt 7y ago
Underrated comment.
Sometimes, we disrupt a business, but fail to disrupt the underlying market forces that shaped the business in the first place.
I suspect that until we have robo-taxis, uber and Lyft can displace the existing taxi companies by being new and high-tech, but in the end they have the same market forces acting on their availability and pricing that act on taxi companies.
So they will wind up being the new taxi companies.
- icebraining 7y agoTaxi medallions weren't imposed by market forces.
- neosat 7y agoThis ^. Taxi medallions were the opposite of letting market forces do their work.