> All this disruption is healthy in a market long thought uncompetitive.
The US market for one, is so tilted in favor of established firms that use their market positions to build moats and buy or crush any upstart competitors and focus all their on attention on lobbying and rent seeking behaviors that the only place for legitimate contenders to appear is from places like China where American firms can't just buy them out of existence.
The US market for one, is so tilted in favor of established firms that use their market positions to build moats and buy or crush any upstart competitors and focus all their on attention on lobbying and rent seeking behaviors that the only place for legitimate contenders to appear is from places like China where American firms can't just buy them out of existence.