Escalators were invented about 120 years ago! A few companies, an oligopol, dominate the global escalator market from sales to repair and maintenance.
We urgently need someone to apply some creative destruction in this market! Where is the Jeff Bezo's or Elon Musk?
It is totally astounding that escalators are still such complicated and fragile devices. The technicians that repair and maintain escalators are almost like high priests. When you ask them when an out of order escalator will be operating again, they give you usually a cryptic or an oracle like answer.
How many escalator parts are standardized? Is there even a market for second hand escalators? Etc.
Government is probably to blame too. Too many safety and other burdensome regulations!
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