July 19, 2015

AN EXECUTIVE-IN-CHIEF FOR THE NEXT ECONOMY, NOT THE LAST ONE:

Jeb Bush Wants to Share (Debra Saunders, July 19, 2015, SF Chronicle)

Clinton clearly is on the side of politicians who want to cripple ride-hailing startups that allow individuals to drive their cars at their own discretion. These outfits truly reflect market demand. If consumers don't like a service, they won't use it. If drivers don't like the terms, they will stop offering rides. Competition improves the outcome -- but Clinton wants to impose more regulation.

In contrast, the son and brother of former presidents embraced the benefits of "disrupting the old order." Bush started the day extolling businesses such as Thumbtack on a LinkedIn post. "I love learning about these kinds of companies precisely because before they existed, their market didn't exist either," he wrote. Startups, he added, "cause mental dissonance for people who think they can plan the future of the economy from Washington D.C. -- people like Hillary Clinton."

"He's got a good grasp of the way tech is changing the workforce," Thumbtack economist Jon Lieber told me after the talk.

2012 GOP nominee Mitt Romney extolled "creative destruction" as an essential element of free enterprise. He was right, but those words mean nothing to kids used to summoning wheels with their phones. They just know what they want. Perhaps 2016 will be the year capitalism finally clicks for millennial voters.

If so, Bush is ready. When a reporter asked him about Uber, Bush talked about a college student he met who graduated without crippling debt -- because he drove for Uber. A Thumbtacker asked Bush about Obamacare. He turned "repealing Obamacare" into an act of disruption that would free consumers to "opt out of these old models."

When a Thumbtack worker asked Bush what he thinks of new FCC net neutrality regulation dear to the South of Market crowd, Bush did not pander. He answered, "The unintended consequence of these top-down proven rules is always negative."

Unlike the man I saw in January, I think, I maybe could vote for this Jeb Bush. 

Posted by at July 19, 2015 8:21 AM
  

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