Good on ya Uber.
If you can make it, and beat the cronies in New York, you can make it anywhere. Take that cabbie cronies.
Of course Bill deBlasio is still going to try to make Uber pay for part of the Subway system. We’ll see about that. Right now the mayor is huddled up in Gracie Mansion licking his wounds and wondering how he got beaten so badly.
And that is a very good thing for New Yorkers. The longer he’s in the fetal position the better.
Uber Chief Executive Officer Travis Kalanick has said he wants to refashion the car-booking company into a sort of politician to fight against the taxicab industry. Kalanick should get the confetti ready because Uber just won perhaps its biggest campaign yet. New York City Mayor Bill de Blasio backed down on a plan to stall the growth of Uber and similar ride-hailing apps.
Buried within the mounds of tweets, retweets, newspaper editorials, insulting app “features,” television commercials and press releases, a lot of stats have been thrown around by both camps in the hopes of swaying New Yorkers. Here are eight of the most cited numbers that helped shape the debate, and eventually tilted the campaign in Uber’s favor.
Click here for the article.
This is a very interesting article. The author basically makes the case that there are 2 distinct kinds of billionaires, crony and generally non-crony. And he argues that though non-crony billionaires have little if any impact on growth (I haven’t looked at his data but this doesn’t seem crazy to me.) the crony billionaires have a huge negative impact on economic growth.
Though the author implies that that non-crony billionaires are a neutral factor (in growth terms) in an economy is some sort of surprise to we free market types, it is not. Sub-billionaires (the non-crony version) are probably WAY more important to growth. They are still building fortunes, and businesses, etc. In other words Bill Gates might not have that much impact on growth now but he sure as heck did as he was building Microsoft.
Technology and open sourced methods of organization—of people, money, and information—represent a real threat to the crony capitalist system.
Cronies are like mushrooms, they grow best in the dark. For too long Washington has been a dank cave of insider dealing and general corruption*. Money is made (legally stolen?) in the shadows.
Time for some sunshine.
Kansas is dominated by Republicans. I thought Republicans were for the free market. Yeah…
I feel like I have to say this every time a story like this comes out of California, and stories like these come out of California all the time.
You people are screwing up a beautiful and once fantastic place! Everything in the state appears to be crooked, at least when it comes to government.
Justin Amash beat both the Chamber of Commerce and Congressional leadership last night which both desperately wanted him gone, by 14 points. Then in his victory speech Amash responds to these folks. It’s pretty great.
Oh is it ever. Government, and the cronies which partner with the government despise innovation and disruption.
If you are going to hook your buddies up with sweet government contracts at least make sure they can come close to doing the job. Otherwise you look, well you know…
Obamacare is making many people and companies rich(er). Just got to be in with the right folks, and say the right things, and dollars float down from on high.
The productive have left the Motor City. After years of being squeezed they left. Or as Ayn Rand might have said, they shrugged, and moved to Florida.
One just can’t run a city that way. Can’t run a country that way either.
We’ve written about Exelon’s cozy relationship with the White House before. The power company has deftly used its political connections to decimate competitors.
In the wake of the president’s triumph, the crony capitalists knew they had to come and kiss the ring. Today they did that.