Chapter
The Benefits of Uber and the Future of Self-Driving Cars
4:20:47 - 4:25:01 (04:14)
The regulatory struggles that Uber has faced to innovate the taxi industry can ultimately lead to better regulation through concepts like polycentric law and catalysis, thanks to increased leverage provided by the internet. The future of self-driving cars can also transform the way we regulate and perceive transportation.
Clips
The taxi drivers and regulators formed a cozy monopoly due to payment being made in a standard currency and medallion prices going up.
4:20:47 - 4:22:34 (01:46)
Summary
The taxi drivers and regulators formed a cozy monopoly due to payment being made in a standard currency and medallion prices going up. However, Uber has broken this monopoly by introducing a system that regulates feedback from riders and drivers to protect either party.
ChapterThe Benefits of Uber and the Future of Self-Driving Cars
Episode#331 – Balaji Srinivasan: How to Fix Government, Twitter, Science, and the FDA
PodcastLex Fridman Podcast
Ride sharing as a concept is becoming more possible now that the internet has increased microeconomic leverage, and it's a fundamentally better way of just doing regulation of taxis.
4:22:34 - 4:25:01 (02:27)
Summary
Ride sharing as a concept is becoming more possible now that the internet has increased microeconomic leverage, and it's a fundamentally better way of just doing regulation of taxis.