Today we will discuss: Whose cheese did Didi touch?、

Firstly, we need to know a question, what is government power? What is the essence of the source of government power? At present, we basically regard the public services provided by the government as the government's obligation. Generally speaking, when we pay taxes, the government should serve taxpayers. Indeed, this understanding is not a problem, but we often overlook another issue, which is that rights and obligations are equal. If the government provides obligations, then naturally the government has the right to provide obligations to society, which is actually the source and essence of government power.

With the foundation of power, we can now understand why the government can establish a "taxi management bureau" in urban public transportation. Because the government provides public services, such as roads, facilities, transportation, etc., this is the obligation of the government. Similarly, he also gained corresponding power, so the government could establish institutions such as the "Taxi Management Bureau". The universal rule in the world is that taxis require the government to issue franchise rights, and franchising requires paying high franchise fees to the government. This situation is the same both domestically and internationally. Don't think it's Chinese characteristics, as many countries have higher franchise fees than China. Franchise enterprises like China are "taxi companies" in various provinces and cities of China. Now we know why taxi license plates need to be auctioned to obtain them.

At this point, we now know what benefits Didi or public transportation enterprises have gained? In fact, the profits they receive are a part of the government's profits, that is, the franchise benefits of urban transportation. At this point, the result is presented, whose cheese did the ride hailing platform actually move? In fact, this cheese is the government's public power, which is an institutional arbitrage.

So, how big is Didi's cheese?

We can think about it, if we could list taxi companies from all over the country as a whole and allow them to extract profits based on profit maximization, would the valuation of a company be much higher than the current valuation of Didi Company? You can think about it, let's not expand on it here, but it is definitely a giant level unicorn.

Now we can see that Didi has actually become a monopoly and legalized ride hailing platform, and can be said to be an online political institution!

Where will such a platform that monopolizes the benefits of government power go? We can discuss: when Didi started, they claimed to break down interest groups, but behind it, they were breaking down government power! In the past, taxi management was a government power, but now the government has lost this power and has become a network capital! Behind legalization is the transfer of power by the government. In the future, the market for everyone's travel will be managed by ride hailing operators, and our taxi management bureau will be elevated. Thinking about this, it is actually the government's power that has turned into private capital, which is quite terrifying.

After the horror, do you think our government will turn public rights into private capital? Rest assured that under the guidance of the policy of common prosperity, all actions involving public power arbitrage will eventually return to public power. In 2019, China FAW, Dongfeng Motor, and Chang'an Automobile jointly established T3 Travel Company, and the national team for public transportation entered the field.

Having figured out the logic behind this, where will ride hailing platforms go in the future? Especially for Didi Company, the future development direction is already very clear. The trend of advancing the country and retreating the people is already a trend, even with such a background, it cannot be stopped.