Is Uber more disruptive because of its experience or the fact that it technically violates the rules/regulations in the taxi cab market? Cabs can't compete on price because, the prices are regulated and fixed, and of the cost of medallions and compliance etc are non-zero. Similar remarks for the hotel industry and AirBnB.
Can this/should this be done in other markets? If someone built an equity crowdfunding platform that ignores SEC rules (and the JOBS act) but investors like it/use it, would it succeed? In the cases of Aereo and Silkroad, they didn't succeed in fighting the laws.
The rules and regulations exist ostensibly to "protect" consumers, but we see that when consumers don't agree with them, huge companies get created.
Can this/should this be done in other markets? If someone built an equity crowdfunding platform that ignores SEC rules (and the JOBS act) but investors like it/use it, would it succeed? In the cases of Aereo and Silkroad, they didn't succeed in fighting the laws.
The rules and regulations exist ostensibly to "protect" consumers, but we see that when consumers don't agree with them, huge companies get created.