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by amelius 1822 days ago
Uber vs taxi companies, Google vs Yahoo, or Facebook vs MySpace, Amazon versus all retailers ...
1 comments

Exactly, in all cases the disruption was localized, and the broader power structures were largely unaffected. The richest among us - the owner class - were not significantly affected by all of these disruptions. They owned diversified portfolios, weathered the changes, and came out with an even greater share of wealth and power. Those who were most affected by the disruptions you listed were the employees of those companies/industries - not the owners/investors.