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October 1, 2017 01:00 pm GMT
Technology decouples economies. AirBNB owns no rooms, but provides accommodations; Uber owns (essentially) no vehicles, but provides transport; Stripe is not a bank, but provides bank accounts; a vast panoply of corporate services run on Amazon-owned servers. There are many excellent things about this decoupling; it improves efficiency, aids focus, and spurs innovation. But technology also has… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/hfH9eyET-kI/
Capitalism without consequences
Technology decouples economies. AirBNB owns no rooms, but provides accommodations; Uber owns (essentially) no vehicles, but provides transport; Stripe is not a bank, but provides bank accounts; a vast panoply of corporate services run on Amazon-owned servers. There are many excellent things about this decoupling; it improves efficiency, aids focus, and spurs innovation. But technology also has… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/hfH9eyET-kI/
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