Forbes – The Rise Of Uber Should Have Politicians, Regulators And Crony Capitalists Shaking With Fear

23 Jun

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Captive regulators and machine politicians can’t stop the onslaught of digital competition

Consumers love choice and convenience, especially when it comes to getting from point A to point B. So as Uber takes the world by storm, the days of people having their travel choices constrained by antiquated regulations seem to be coming to an end. In the process many are realizing that such rules are designed not to protect consumers, but to enrich rent-seeking cronies.

Of course, that won’t stop entrenched taxi cartels from calling in their political chits in a futile attempt to stop the future from arriving. But as the social networking aspects of the mobile Web enables consumers to make their voices heard, it’s just a matter of time before they overwhelm the crony capitalists, regulatory bureaucrats, and machine politicians desperately trying to defend their shaky turf.

Uber’s distributed smartphone app is leaping from city to city as quickly as the Internet can spread the news of how much easier and more convenient it is than hailing a cab or booking a limo. This week, on RealClear Radio Hour, I spoke with Uber Northeast Regional General Manager Rachel Holt, who outlined the company’s strategy for global growth.

To read the rest of the column, click here.

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One Response to “Forbes – The Rise Of Uber Should Have Politicians, Regulators And Crony Capitalists Shaking With Fear”

  1. Farmer Peter June 25, 2014 at 3:08 pm #

    Keep up the great writing. Let me know if you are ever in Bridgehampton NY on the summer or palm beach, FL in the winter and I will gladly buy you dinner(and a good one too) to pay for your awesome posts.
    I send them out to friends and family to show them that there are good people with good ideas.

    All the best,

    Peter

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