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Sharing Economy VS Government

From Reason TV

LYFT , sharing economy , Uber

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Using What We Already Have

New business models are cutting out the middleman, and the government. Many economists believe they have the power to greatly influence, even possibly remake our economy.

Reason TV explores the controversy around regulation of the taxi industry now that companies like Uber, Lyft and Sidecar are changing the landscape.

We love the idea of people being able to make money peer-to-peer, using things they already have. No big up front investment is needed.

As NYU Professor Arun Sundararajan interviewed here says, "Models that tap into underutilized assets that already exist (peer to peer models) will grow a lot more rapidly and have much better economic fundamentals than business models that require you to buy assets and deploy them."

--Bibi Farber

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