You said it in one word - it’s corruption.

Not creative destruction. But pure corruption.

Creative corruption?

If we were to use an entirely neutral term for it, in the case of something like Uber, really it's the privatization of control. The regulation around taxi cabs was a matter of public policy, Uber brought in its own version of this, broke the laws where it saw fit, spent money to get new laws written, basically the decisionmaking was no longer in the hands of a public institution.

Now there is a fair criticism to be made that the public institutions governing taxi cabs were sclerotic and shitty, but if you trust Uber for one nanosecond to do what's in your best interest when it doesn't align with theirs, you're a fool, and giving a private company such a huge global footprint in what was formerly a public affair is probably going to lead to tears. They absolutely will seek rents, find them and charge them to you sooner or later, that is what's in their DNA as a private company, barring effective regulation this only ends in one way.

Where we are now is we are so deep down the rabbit hole of profit chasing that there is zero interest in maintaining or strengthening our public institutions. Why would you do that? How does it get you paid? It doesn't and everyone thinks society and culture are just big jokes that don't get you paid. So no one really cares to uphold them anymore, everyone's feasting on the corpse of the civil society while it rots.