Why Uber's business model is doomed
<i>Only in a world where more profitable opportunities for investment are sorely lacking can such wild bets on far-flung futuristic technologies become massive multinational companies. Corporations and wealthy individuals have accumulated huge sums of money and cannot figure out where to put it because returns on investments are extremely low. The flip side of falling rates of business investment is a slackening pace of economic growth, which economists have termed “secular stagnation.” It’s this decades-long slowdown that has generated the insecure labour force on which Uber and Lyft rely.</i><p>Now that&#x27;s a very important statement. It&#x27;s correct.<p>First, how US-specific is this? Is it true for the EU? Japan? China? India?<p>Second, <i>why</i> are profitable opportunities for investment lacking? Why are people not building larger solar panels and wind farms in the US? Why is it taking so long to get electric cars going? Why are there no new home appliance companies in the US? Why isn&#x27;t the return on investment there?