It's a neat little example of how the regulation of the economy limits, puts a brake upon, economic growth. It's important to understand how markets produce economic growth. We thus identify what consumers would like faster in this manner--that is, we get more economic growth more quickly. Regulation reduces economic growth that is. But given that Uber is also an increase in economic wealth that's all the proof we need that regulation limits, slows down, economic growth.

Source: Forbes March 04, 2017 07:13 UTC