@allenJo - “The trend is your friend.” That is a line from the investment community and I think that it’s mostly true.
What drives trends? Personally, I think that a trend driven by consumer demand is stronger than one driven by government regulation. Government regulations create contrived trends in my opinion.
However, when people en masse choose to do something, it tends to create more permanent results in the end. Take airline industry trends for example.
Government subsidies have not enabled the airline industry as a whole to remain profitable, although individual carries have been profitable. These carriers are not the legacy carriers, but the newer, low-cost fleets catering to budget minded consumers.
So we see that ultimately it’s the consumer who decides. As would expected, consumers want more efficiency and less cost.