“That worked for Uber and Airbnb. We consumers got cool new ways to travel and alternatives to hotels, and investors got rich — all because they didn’t ask for permission. Permissionless innovation brings good things.”
Yup. Stay away from the student council types if you can.
I’ve never been a fan of any business model that is built on simply exploiting loopholes in existing laws and regulations. Eventually reality catches up to them, and they lose their competitive edge. Once that happens, they become just like the crony-capitalist businesses they undersold in the market (see Uber in NYC as a perfect example of this).
Permission less innovation has brought unprecedented congestion to San Francisco. It is easily observed that every 4th or 5th car downtown is a ride share. Traffic has been destroyed.
It is NOT taking cars off the street. People use it instead of the bus.
Now if they took the buses off the street it might make up for it...