"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Uber CEO: History Repeats Itself when we Resist Innovation
Submitted by KenK on Fri, 2016-02-19 01:00
"There was 'an Uber before there was Uber,' Kalanick said during his presentation today. He referenced a service called the jitney, a ride-sharing endeavor that was popular more than 100 years ago (the word 'jitney' was slang for 'a nickel' at the time). In 1914, an enterprising LA man grew tired of long trolley lines and simply put a sign on his car advertising five cent rides. It exploded. As difficult as it is to believe, Uber does as many rides in LA per day in 2016 as the jitney did in 1915, Kalanick said."
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Comments
Uber is to the Taxi industry what Google is to the internet or Amazon to book stores. It has nothing to do with the free market. It is the monopolisation of industry by the centralised fiat money printers. It gives rise to "businesses" that burn cash for years on end in order to capture a market. It is big money being allowed to challenge regulation, when individuals doing the same would be crushed by the state for doing exactly the same.
Uber is to the Taxi industry what Google is to the internet or Amazon to book stores. It has nothing to do with the free market. It is the monopolisation of industry by the centralised fiat money printers. It gives rise to "businesses" that burn cash for years on end in order to capture a market. It is big money being allowed to challenge regulation, when individuals doing the same would be crushed by the state for doing exactly the same.
We've had jitney rides in metro Detroit for many years. The cops crack down every so often but they always come back. And as with selling loosie cigarettes, ticket scalpers, hair braiders, and other such "offences" the public JDGAF about jitneys. Did you have a bad experience with one?