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I am not saying you’re wrong in your description of some of the dynamics, but I think it isn’t the only perspective. Another way to look at it is that this fuzz
by throwawaysea 5y ago
I am not saying you’re wrong in your description of some of the dynamics, but I think it isn’t the only perspective. Another way to look at it is that this fuzzy area where corners are cut or laws are broken is also what makes room for change and innovation and more-efficient markets. Otherwise, the giant barriers to competition (capital requirements, network effects, whatever) become insurmountable and there is no way an entrepreneur can innovate (they would need to find a different country with different laws giving them that space).
The frequency and severity of the issues you call out feels limited to me. Sure these newcomers may end up rediscovering some of those same controls and processes that the old guard companies have in place - but they will still have pulled us forward to a different, better way of doing things in many ways. For example, I certainly prefer hailing an Uber or Lyft over dealing with rude, dangerous taxi drivers. Even if those two companies end up disappearing or putting more controls in place, I will appreciate things like using an app and being able to rate my driver to incentivize the right behavior.