the gig economy is even weirder when you think about it. Uber has not been very successful (in my country) because it doesn't provide anything over the normal t

the gig economy is even weirder when you think about it. Uber has not been very successful (in my country) because it doesn't provide anything over the normal taxi services besides an application (that already existed in some form before they entered the market). Uber can however, undercut normal taxi's because it has vast sums of cheap money available. This is thanks to financial engineering. Thus it is able to undercut the local economy without providing anything of value. While it is not happening in this example, Uber could easily destroy parts of the economy because it can undercut the local economy. (Amazon famously tries to do this in a lot of countries aswell).