Introduction

Using technological innovations such as Uber, Lyft, food trucks, and Airbnb, Matt Kibbe, President & CEO of FreedomWorks, discusses how free markets work to benefit the average person and the obstacles that can impede their success.

Summary

  • Modern technology and innovation is breaking up the old big business monopolies
  • These innovations are more market-based and cuts out the middleman and government
  • Much resistance is being made to the ride share and food truck industries, based on the tight hold of the existing taxi and restaurant industries, who want little competition
  • Conservatives believe in a “bottom-up” philosophy of free markets, innovation and entrepreneurship, as opposed to the progressive left’s “top-down” dictation

Resources

Quiz