Yes, because we’ve burnt ourselves on overly large organisations before. We’re not keen to go back to those days. Too much power in too few hands is never a good thing — something the Silicon Valley elite have totally failed to grasp, even when it’s slapped them in the face.
Europe has a long and proud history of workers’ rights, and Uber (and similar apps) tread all over that. It’s not as simple as Schmidt makes it out to be, but then he’s never really seen the necessity of regulation, has he?