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I agree with your assessment of Uber, and the manner in which its massive funding deters possibly-better competition. But your inter-generational theory has a
by human20190310 7y ago
I agree with your assessment of Uber, and the manner in which its massive funding deters possibly-better competition.
But your inter-generational theory has a major contradiction. You're asserting that each generation of ambitious workers takes ownership of the capital of previous generations, and that this same capital is inherited by incompetent heirs. They can't both be true.
- edoceo 7y agoNo contradiction. Some people want to take ownership of capital, some people have inherited capital - two groups.
- human20190310 7y agoHis theory is that the ambitious workers prevail, not that two groups will continue to compete. If the heirs of capital continued to exist from one generation to the next, then there would be a vested interest in Uber's success across generations, undermining the argument the poster is making.