Shervin Pishevar Quotes
With Hyperloop One, we are on the brink of the first great breakthrough in transportation technology of the 21st century, eliminating the barriers of time and distance and unlocking vast economic opportunities.
Pishevar, Shervin. "Hyperloop One Announces $80 Million in Series B Funding." PR Newswire, Cision, 11 May 2016.
What Mises says in this quotation is true. What he does not say that by the time the automobile was developed and then the airplane, the Railroad monopoly had impeded and destroyed so many different entities that the governments had cracked down and curtailed much of the ability of the Railroads to exercise monopolist power. If the Railroads had as much power in 1920 as they did in 1870, there probably never would have been a thriving auto industry and the airlines would likely never have succeeded. Mises again exaggerates a basic point that large monopolistic companies and industries often have not been able to stave off new technology and approaches. While true in many cases, the cause is not necessarily fundamental to economics but has sometimes (as with the railroads) been caused by Government regulation and reform. A better example is that the large sail dominated shipping industry was not able to stop the coal fired steam engine ships. Indeed the shipping owners embraced the new technology. The best examples of Mises point occurred after Mises died. For example, Microsoft was not able to prevent Google from dominating many of Microsoft’s positions in the IT world.
He was one of the first to realize that technology was shaping the relations of people and states throughout the world. In 1891 most other people did not appreciate this dynamic including most politicians. However, we might wonder today what period of time he was contemplating when he used the word “rapidly”. Some have concluded that the globalization resulting from technology has been astoundingly fast while others see it as far too slow and it has a long way to go. See the related quotes for others who were early observers of the coming changes. See the Relates Quotes for more of the early observations of this phenomenon.
Shervin Kordary Pishevar is an Iranian-American entrepreneur, venture capitalist, super angel investor, and philanthropist. He is the co-founder and former executive chairman of Hyperloop One and a co-founder and managing director of Sherpa Capital, a venture capital fund which has invested in companies including Airbnb, Uber, GoPuff, Cue Health, Slack, Robinhood, Munchery and Postmates.