There’s a fundamental issue to society where businesses can set prices at levels that could never be profitable due to VC funding. This means that any business

There’s a fundamental issue to society where businesses can set prices at levels that could never be profitable due to VC funding. This means that any business attempting to have a sustainable business model is pushed out of the market. This results in all businesses in our markets being forced to find ways to cost compete with the businesses to whom money barely matters, which has knock on effects on employment. This isn’t to say Venture Capital money is always bad. Its good use is allowing a business that is slowly growing to quickly scale to meet demand higher than they are currently able to supply. It also allows new businesses to get through the first few years where lack of economies of scale mean profitability is impossible. But when you look at an Uber-style company that is using prices that could never be profitable to capture market share, there’s no real difference to the issue with monopoly price fixing we have long known is bad for an economy.