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People hate regulations until they get screwed, and suddenly they understand that sometimes regulations exist for a reason I love this quote: Which is funnier
by sliverstorm 9y ago
People hate regulations until they get screwed, and suddenly they understand that sometimes regulations exist for a reason
I love this quote:
Which is funnier: tech bros innovating their way to public transit, or bitcoin folks slowly reinventing financial regulation?
AirBnB, of course, is on a similar path.
I'm with you though, Uber, AirBnB, both seem to be good new age examples of the business strategy privatize the gains, socialize the risk/losses. Usually the company passes the taxpayer the bill; here, instead, a new patsy has been found.