Sometimes it’s appropriate to repost an article. The elites use “creative destruction” as an excuse to destroy main street businesses, gain market share, and exploit the Producing Class. But it’s all a sham. Companies like Facebook, Amazon, and Uber are on a Ruthless Quest for dominance, and they use so-called creative destruction as an excuse to accumulate power. We explain it in our March 17, 2022 article, “The Creative Destruction Smokescreen“ below:
Let’s talk about a brilliant new business model. You contact a company to hail a ride. A car will pick you up and take you where you want to go. Then you pay them when you arrive at your destination.
Think about how game-changing this innovation would be for society. One company has accumulated over $22 billion in losses since its founding in 2009 trying to make this dream a reality. They might even become consistently profitable someday, depending on how you measure profits of course.
As you might have guessed that company is Uber. And their business model is nothing new at all. It’s been around since cars were invented. (Actually, it’s been around since rickshaws were invented.) Yet, Uber is destroying the traditional taxi industry in what is celebrated as a classic case of creative destruction.
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