He is talking about fare subsidies for passengers paid for by VC money, slimmer wage packets for drivers, and extreme tax avoidance. He isn't talking about subs

He is talking about fare subsidies for passengers paid for by VC money, slimmer wage packets for drivers, and extreme tax avoidance. He isn't talking about subsidies from a government source as I think you are implying. Uber lost over $1 billion in 2016 alone with the express purpose of capturing a global monopoly by driving down prices well into loss making territory. We had uber-like app based companies in London for years before Uber with the likes of Addison Lee, but Uber effectively destroyed them with predatory pricing funded by VCs.