@pmarca @vgr Perhaps a close reading of prescient @matthewstoller would clarify: http://www.nakedcapitalism.com/2014/04/matt-stoller-how-uber-creates-an-algorithmic-monopoly.html … & visit http://www.UberPeople.net
@matthewstoller @chi1cabby @pmarca So Uber is a market maker that replaces a regulator. I don't get the point you're trying to make then.
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@vgr@chi1cabby@pmarca Then reread the piece. It's clear. Uber is replacing a publicly organized market with a private autocracy. -
@matthewstoller@vgr@pmarca Uber is a rent extractor disguised as a market maker. Part of Uber's playbook is to undercut licensed, insured
End of conversation
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