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July 21, 2015
The city reported a 9% decrease in average manhattan traffic speeds. uber through ads and other means responds that anyone against uber is in the pocket of the existing taxi industry and that uber helps underserved people get much needed transportation. >> i just drove somebody at coney island who always complains about not being able to catch a ride. >> this is new york. we live in five boroughs. >> we pick ourselves up and we pick our families up. >> this battle isnt just happening in new york...
July 21, 2015
I want to have you on tonight, dean, because you are an economist but you have written really persuasively about how bad entrenched cartels can be throughout the economy and how much cronyism they can engender. when you watch this battle rage between uber which styles itself as innovative disrupter against the bad incumbent taxi interest, how are you reading this situation? >> i think its a very interesting story. the incumbent taxi industry isnt anything that anyone really wants to preserve. we...
July 21, 2015
>> anti-uber attack ad. complete with "law & order" sound effect. thats not as harsh as the one depicting an uber driver making unwanted sexual advances on a passenger. local limo companies are feeling the uber pressure. uber is running a negative ad of their own going right at the mayor of new york, bill de blasio. thats next. dont go away. ♪ if you cant stand the heat, get off the test track. get the mercedes-benz youve been burning for at the summer event, going on now at your authorized me...
July 21, 2015
So these were all rules that served a real purpose. uber comes in and says none of that applies to us and that doesnt make sense. good to see the disruption. we have seen improvements in taxi service. that doesnt mean you want no regulation. >> this seems the issue here. theres sort of two things happening. one is the actual way uber, not as a principle of disruption but as an actual company conducts itself. they can be really nasty. at one point they had to apologize because a competitor called...
July 21, 2015
And there was proper insurance. so these were all rules that served a real purpose. uber comes in and says none of that applies to us and that doesnt make sense. good to see the disruption. we have seen improvements in taxi service. that doesnt mean you want no regulation. >> this seems the issue here. theres sort of two things happening. one is the actual way uber, not as a principle of disruption but as an actual company conducts itself. they can be really nasty. at one point they had to apolo...