You'll be able to sit in one. You'll be able to tell it where to go. But you won't actually be able to propel it to a destination of your choice.

And if you have certain outstanding bills or have some sort of outstanding official issue, it will be very easy to remove your driving privileges.

Electrical cars may compound the problem due to limited range.

For people who like cars, it sounds like a discouraging future. But it is not a hypothetical one.

We can see from the above Bloomberg excerpt that top car executives are actively pondering ways to provide driverless cars-on-demand.

You will tell the car where you want to go and you will get there. Perhaps other people will be on-board with you – going to their destinations – as it would be with a shared taxi.

This is not entirely a marketplace evolution in our view. It is at least in part a manipulated industrial conclusion. It is the product of a certain set of shared beliefs married to newly available technology.