The benefits of the sharing economy are numerous, but they stem from the fact that these business models have evolved past a traditional middleman, meaning services and goods cost less for consumers, and providers can keep more profits.
Just when I thought cooler heads had prevailed, all hell has broken loose in California's rideshare economy. Regulators gave the thumbs-up to companies like Uber, Lyft and Sidecar with one hand, and then used the other to layer on new rules.
With an FTC investigation in the rearview mirror, it's no surprise that Google's Larry Page took a few potshots at government regulators and their inability to keep up with the dynamism of the tech sector during the company's recent I/O event. The question is, were his criticisms valid?
There are two yardsticks for success. The first is to actually get something done, and get something passed; the other, to position the Democrats politically for the midterms, whether a bill gets passed or not.