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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 it s a very interesting story. the incumbent taxi industry isn t anything that anyone really wants to preserve. we have archaic rules. the regulations were there to ensure profits on an industry that hadn t had an invasion for decades. uber changed that but uber doesn t want to play by any rules and that doesn t make sense. the original rules were designed to serve legitimate public purposes and ensure that the cabs were safe and the drivers wouldn t jeopardize passengers ....
For a technology advocacy group. 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 it s a very interesting story. the incumbent taxi industry isn t anything that anyone really wants to preserve. we have archaic rules. the regulations were there to ensure profits on an industry that hadn t had an invasion for decades. uber changed that but uber doesn t want to play by any rules and that doesn t make sense. the original rules were designed to serve legitimate public purposes and ensure that the cabs were safe and the drivers wouldn t jeopardize passengers and there was proper insurance. ....
Joining me now, dean baker and also a board member for a technology advocacy group. 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 it s a very interesting story. the incumbent taxi industry isn t anything that anyone really wants to preserve. ....