Except a lot of the formers ways of doing things / getting things have been pushed out of the market with all the capital influx. So there aren’t any small stores anymore, small restaurants don’t do delivery anymore, etc etc.

Small restaurants doing delivery doesn’t make sense as an example.

The only structures that were torn down were things that required capital and upkeep. So for example, once you starve the beast of the taxi industry, then the fleet decays and they can’t compete without new capital investment.

For a small restaurant delivery, they can at any point hire another person to run orders just as they always could, with no loss. The reason this is not viable is because the whole economy got disrupted by covid and now it’s not actually feasible for someone to earn a living just moving parcels of food around locally. Like literally the unit economics don’t resolve positively because CA minimum wage is $15 an hour and you need even more than that to have a decent life.

Are you living in the same world as me? When I go into town there's a ton of small shops. Small restaurants are absolutely everywhere, either to eat in or to get delivery from using one of several delivery apps. I cannot relate to your comment at all.

Thank you, Boomer pension fund managers, for giving nonboomers like me some of that pension fund money!