Uber’s Path of Destruction

In real­i­ty, Uber’s plat­form does not include any tech­no­log­i­cal break­throughs, and Uber has done noth­ing to “dis­rupt” the eco­nomics of pro­vid­ing urban car ser­vices. What Uber has dis­rupt­ed is the idea that com­pet­i­tive con­sumer and cap­i­tal mar­kets will max­i­mize over­all eco­nom­ic wel­fare by reward­ing com­pa­nies with supe­ri­or efficiency.