3 ms·
You underestimate what you can extract from making the market larger and more efficient, which taxis could never do. Why don't people barter instead of paying h
by pishpash 6y ago
You underestimate what you can extract from making the market larger and more efficient, which taxis could never do. Why don't people barter instead of paying huge sums to Wall Street to intermediate?
- JMTQp8lwXL 6y agoBartering in this problem space is hard. Let me call up 5 of my closest friends in my city, to see if they want to leave their home, drive me from Point A to Point B, then go home, right now.
- ghaff 6y agoIn part, because, on an individual basis, Wall Street's skim is tiny. It's only big in aggregate.