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The long-term solution is still competition. IIUYC you mean that in the long term everyone else fails, and now they can raise prices. But if competition is all
by appleflaxen 7y ago
The long-term solution is still competition. IIUYC you mean that in the long term everyone else fails, and now they can raise prices.
But if competition is allowed to flourish, then the point of monopoly never comes.
- TeMPOraL 7y agoUber has been doing damage to society ever since they introduced the rideshare option. They don't have to be the only player available to be a problem; being a monopoly would just be a cherry on the cake. Competition is fine, as long as it plays by the rules. That it has to play by a stricter rulebook than the incumbents had when they were starting isn't a bad thing, just suboptimal. "Better late than never".
- peteradio 7y agoThey don't have a profitable business, it is driving down prices not through any innovation just shit loads of investment. I can only guess the investors are expecting a return as per usual. So how the fuck is that going to happen?