Creative Destruction in the Sharing Economy: Uber’s Impact and Regulation | Pioneer

Creative Destruction in the Sharing Economy: Uber’s Impact and Regulation

About the Scholar: Pioneer Scholar Jiazan is from Auckland, New Zealand, where he attended Auckland International College

The Research:

Uber is one of the biggest names in business today, and, according to Jiazan, a catalyst for “creative destruction,” the process by which economic structures are revolutionized due to innovations in technology or production methods. 

Jiazan explains that by becoming a substitute for taxi cabs, Uber has rendered a traditional mode of transportation obsolete. But his paper finds that creative destruction is ultimately a positive force: consumers pay less for a higher quality service and the new firm makes a profit. Jiazan encourages governments to regulate monopolies like Uber minimally, allowing their innovations to flourish.

ClientThe Car Rental Co
SkillsPhotography / Media Production
WebsiteGoodlayers.com

Project Title

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth.