The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #00024

Submission Number:
00024
Commenter:
Hines
State:
Nebraska
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Uber, Lyft, and Airbnb are essential to the idea of entrepreneurship. These companies have disrupted the idea of what people have to do to be successful and in a sense own their own business. Person 1 can rent out his loft for a night and right there we have a new entrepreneur in our presence. Person 2 can become a part of Uber or Lyft and give rides in-between other plans and we have another one. This idea is what capitalism is all about. Anyone can become a business and these companies allow people to do so with their brand name that is trusted by the average person. That being said we do have to be careful because, not everyone who intends on participating in this idea is of good intentions. We must take actions to ensure that if someone is going to take part in this movement, they go through the proper checks to prevent the wrong people from perverting this and potentially putting others into harm.