Just spitballing here, but what if there’s so much capital sloshing about that Uber’s VCs backed it as a form of social engineering: To destroy public transportation, increase traffic, degrade employment law, pioneer an immiserated labor force of gigsters, and so forth. What’s not to like? Uber’s inability to ever turn a profit would have then been a secondary consideration, and Uber a sort of hobby farm for the 0.1%. Oh, and Uber (along with Facebook) pioneered the idea that “move fast and break things” applies to the law, as well. And what’s wrong with freeing capital from such antiquated fetters?
Filed under: #!!# |
Hans Howe 