Bill Bonner: ‘Uber Alles’

Bill-Bonner2

“No one is more determined or more resourceful than a Frenchman who sees his revenue threatened by innovation. The taxi drivers of Paris aim to stop Uber any way they can.  What’s the best way to protect yourself from competition? Regulation! They want the new company so tightly bound it loses its competitive advantage. One proposal, for example, would require Uber drivers to wait 15 minutes before responding to a call.  Yesterday, Uber got the best advertising money can’t buy. Taxi drivers not only blocked traffic on the most popular road in the Paris area, the beltway around town – the ‘periph,’ they also took up positions on bridges and overpasses.”

http://www.bonnerandpartners.com/uber-alles/

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