The hegemonic behavior of Rideshare technology companies

                             The hegemonic behavior of Rideshare technology companies

Economic globalization and technology companies' focus on profit is paving the way for poverty and decline in the livelihoods of millions around the world. The concentration of power and wealth in these few companies, as well as their profit-oriented expansion, has a significant impact on many small businesses. The disruption of the taxi industry is one example. Many drivers lost their income and went out of business. The well-established trade of taxi drivers has been replaced by low-paying and insecure gig jobs. Using technology to create an unfair platform for existing businesses is hurting many in society. The recent backlash on big tech companies across the U.S, Europe, and other countries is the result of their unfair practice, monopoly, and exploitation of labor.

 Innovation is critical to economic growth and future societal well-being. Technology helped ride-sharing companies connect millions of customers with drivers easily. but the lack of regulation by lawmakers is making them too powerful to compete with.