by blackbootz

Economists love Uber because it’s the closest you can get to taking the pure economic theory of textbooks and summoning it to life. Uber created a massive open market, governed first and foremost by the forces of supply and demand. Along the way it broke up the taxi monopoly, taught people to accept “surge” pricing, and ushered concepts long confined to econ 101 into the popular discourse.

Economists see "consumer and producer surpluses", supply-demand analysis, innovation, and disruption, and get doe-eyed about Uber.

Looking forward to kleinbl00's takedown of Uber as a race-to-the-bottom evil empire run by a team of sexual predators that doesn't give a fuck about drivers.

It's a complicated world we live in.