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by spikels
3329 days ago
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Maybe public transit only runs certain hours or that high quality taxi is too expensive. The billions of trips on Uber and similar platforms indicate that this is often the case. If in fact there is "little actual need" for Uber, then nobody will use it. That's the beauty of allowing consumers the choice. It uncovers whether assumptions like this are actually true. It is like constantly running an experiment. |
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> That's the beauty of allowing consumers the choice. It uncovers whether assumptions like this are actually true. It is like constantly running an experiment.
From hundreds of years of running market economies in the world we already have a clear experimental result: consumers prefer cheaper goods/services to more expensive ones of equivalent quality.
If you can make your service cheaper by subsidizing it with VC money and then even more by ignoring regulation, then there's no surprise consumers will use it - even if long term, the service is unsustainable and socially destructive.