What is Uber?
Uber is a digitally enabled end run around taxi regulation, world wide.
It's never made a profit, but it has succeeded in destroying the livelihoods of cabbies from Manchester to Manhattan to Mumbai.
By golly, that was pure poetry...
It is mind-boggling to see how their formula of piracy has lead to today's IPO, and a putative valuation of the company, which has added nothing, but subtracted so much from the common good, of somewhere around $80 billions.
There are far too many parts to that sentence. But the main point remains that Uber is complete and utter bullshit.
The folks who drive for Uber and thereby stole the legitimate cab drivers' jobs are on strike. Because they've figured out they're being screwed.
A bunch of rich people who control the Silicon Valley incubator-to-national-to-global brand pipeline are even richer today.
A lot of cab drivers are worse off. A few investor types are richer than they already were. And Uber's own workforce is on strike.
How has Uber made the world a better place?
This is what capitalism has come to.
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