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Disruption… August 2, 2017

Posted by WorldbyStorm in Uncategorized.

Thought this was pretty good… from an Observer business section overview of the Uber issues a while back … 

There are broader problems too. A service like Uber brings short-term benefits to the people being transported, who like the comparatively low costs and greater convenience. However, the savings in your pocket come from somewhere. Almost all come from the money poured into the company by venture capitalists (Uber still operates at a loss overall), but some comes from taxi drivers cut out of business. However, to Silicon Valley, those people were just in the way; someone else can make amends. That tends to be governments, which the companies first ignore and then rely on to clean up the damage.

Privatise the profits, ‘socialise’ – or more accurately expect the state to take up the downside. Lovely.



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