It really doesn’t take a genius to see how all those things will come together on the near future. A subscription to heated seats is merely an example of where things are clearly headed.
It really doesn’t take a genius to see how all those things will come together on the near future. A subscription to heated seats is merely an example of where things are clearly headed.
The logical endpoint is that my car just charges me per use for what I use. No money down, no repair cost, no buying a new one. Just like flying: I buy a ticket, I’m done. I’m not maintaining a 737.
Some might prefer that, and at any rate it’s not an example of OMG the world is going straight to hell.
Laissez-faire capitalists will tell you that the solution to this is perfect competition. I'll observe, though, that perfect competition doesn't seem to have thrived in many industries. I'd guess that one cause is that no one (particularly investors) wants a business with razor-thin margins.
If you don't believe that consolidation will lead to fewer options and an imbalance of power in more industries, look at the history of today's monopolies. Look also at the advice that investors like Peter Thiel give to startups in books like Zero to One.
It's ok if you don't want to own a car, and just want to drive it. Just stop calling it "your car" then.