Please point out the graph and/or story that shows current startups raising the general standard of living for citizens in the middle/lower classes?
(No. They can ride in a freelancer driven taxi is not raising the standard of living.)
(No. They can ride in a freelancer driven taxi is not raising the standard of living.)
But there need to be boundaries, because not every business model is good for society. As a thought experiment for those thinking it's better to have deregulated startups in high-tech industry, imagine taking down biosafety regulations. Think of all the biotech startups blooming...