[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:03.53,0:00:08.86,Default,,0000,0000,0000,,Ours is the age of sharing, gigging\Nand Ubering just about everything.
Dialogue: 0,0:00:08.86,0:00:10.66,Default,,0000,0000,0000,,Let me give you a couple of examples.
Dialogue: 0,0:00:10.66,0:00:12.20,Default,,0000,0000,0000,,When you leave here tonight,
Dialogue: 0,0:00:12.20,0:00:14.93,Default,,0000,0000,0000,,maybe you will get on your Uber app
Dialogue: 0,0:00:14.93,0:00:20.36,Default,,0000,0000,0000,,and you will get someone\Nto take you home in their personal car.
Dialogue: 0,0:00:20.36,0:00:23.97,Default,,0000,0000,0000,,Let us imagine that you decide\Nto go on a vacation,
Dialogue: 0,0:00:23.97,0:00:27.41,Default,,0000,0000,0000,,maybe you'll go on to Airbnb\Nand stay with someone
Dialogue: 0,0:00:27.41,0:00:30.54,Default,,0000,0000,0000,,in their own home while they're there.
Dialogue: 0,0:00:30.85,0:00:34.37,Default,,0000,0000,0000,,These are the things we didn't do\Nthat long ago, but it goes further.
Dialogue: 0,0:00:34.37,0:00:37.90,Default,,0000,0000,0000,,Let's say you go to IKEA,\Nand you buy your child some furniture,
Dialogue: 0,0:00:37.90,0:00:41.61,Default,,0000,0000,0000,,and you're facing putting together a crib?
Dialogue: 0,0:00:41.91,0:00:44.80,Default,,0000,0000,0000,,You don't have to learn how to use\Nthat Allen wrench anymore,
Dialogue: 0,0:00:44.80,0:00:47.98,Default,,0000,0000,0000,,you can go onto TaskRabbit\Nand get somebody else to do it for you.
Dialogue: 0,0:00:48.24,0:00:50.16,Default,,0000,0000,0000,,Le's say you're tired of cooking.
Dialogue: 0,0:00:50.16,0:00:52.21,Default,,0000,0000,0000,,You can go onto Blue Plate,
Dialogue: 0,0:00:52.21,0:00:56.16,Default,,0000,0000,0000,,and you can get someone\Nto use a shared kitchen,
Dialogue: 0,0:00:56.16,0:01:00.28,Default,,0000,0000,0000,,and they will deliver\Nthat fresh meal to your door
Dialogue: 0,0:01:01.09,0:01:04.21,Default,,0000,0000,0000,,for your family to eat,\Nand you don't have to cook anymore.
Dialogue: 0,0:01:04.62,0:01:06.86,Default,,0000,0000,0000,,Now, the interesting thing\Nabout all these uses,
Dialogue: 0,0:01:06.86,0:01:09.27,Default,,0000,0000,0000,,and a lot of the other uses\Nof the sharing economy,
Dialogue: 0,0:01:09.27,0:01:10.78,Default,,0000,0000,0000,,is that they profoundly change
Dialogue: 0,0:01:10.78,0:01:14.25,Default,,0000,0000,0000,,the way that we think about\Nthe way our economy works
Dialogue: 0,0:01:14.25,0:01:15.88,Default,,0000,0000,0000,,and the way we've done business.
Dialogue: 0,0:01:16.25,0:01:19.69,Default,,0000,0000,0000,,The other interesting thing\Nis that a lot of them are also illegal.
Dialogue: 0,0:01:20.22,0:01:23.34,Default,,0000,0000,0000,,Now, I wrote an article
Dialogue: 0,0:01:23.34,0:01:26.16,Default,,0000,0000,0000,,called "First Principles\Nfor Regulating the Sharing Economy"
Dialogue: 0,0:01:26.16,0:01:29.29,Default,,0000,0000,0000,,that was recently published\Nin the Harvard Journal on Legislation,
Dialogue: 0,0:01:29.29,0:01:32.84,Default,,0000,0000,0000,,and in that, I deal with a lot of\Nthe technical issues of this illegality.
Dialogue: 0,0:01:32.84,0:01:37.03,Default,,0000,0000,0000,,But I want to focus here today\Non four principles
Dialogue: 0,0:01:37.03,0:01:40.32,Default,,0000,0000,0000,,for why you should embrace\Nthe sharing economy
Dialogue: 0,0:01:40.32,0:01:43.16,Default,,0000,0000,0000,,and ways that it can affect your life.
Dialogue: 0,0:01:43.16,0:01:45.60,Default,,0000,0000,0000,,I'm going to call these\Nthe core principles:
Dialogue: 0,0:01:45.60,0:01:51.38,Default,,0000,0000,0000,,Community, Ownership,\NReputation, and Equity.
Dialogue: 0,0:01:51.38,0:01:53.18,Default,,0000,0000,0000,,So let's start with community.
Dialogue: 0,0:01:53.52,0:01:54.99,Default,,0000,0000,0000,,When we think about community,
Dialogue: 0,0:01:54.99,0:01:57.50,Default,,0000,0000,0000,,we often think about family,\Nclose friends.
Dialogue: 0,0:01:57.50,0:02:00.09,Default,,0000,0000,0000,,But in the '70s, a sociologist\Nnamed Mark Granovetter
Dialogue: 0,0:02:00.09,0:02:03.03,Default,,0000,0000,0000,,started thinking about\Nother types of community.
Dialogue: 0,0:02:03.03,0:02:07.38,Default,,0000,0000,0000,,And what he was looking at in particular\Nwere what he came to call "weak ties."
Dialogue: 0,0:02:07.70,0:02:09.88,Default,,0000,0000,0000,,These were the people\Nthat you barely know.
Dialogue: 0,0:02:09.88,0:02:14.42,Default,,0000,0000,0000,,Jane Jacobs, the urbanist,\Nmight have called these, in her lingo,
Dialogue: 0,0:02:14.42,0:02:20.86,Default,,0000,0000,0000,,"hop skip" people, the kind of people\Nthat help to bridge boundaries between us.
Dialogue: 0,0:02:21.27,0:02:25.53,Default,,0000,0000,0000,,And what he found in his research,\Nand subsequent sociologists have found,
Dialogue: 0,0:02:25.53,0:02:27.17,Default,,0000,0000,0000,,is that it's along these weak ties
Dialogue: 0,0:02:27.17,0:02:29.82,Default,,0000,0000,0000,,that a lot of information\Nin communities flows,
Dialogue: 0,0:02:29.82,0:02:34.92,Default,,0000,0000,0000,,and the kind of the political cohesiveness\Nof our society tends to rest.
Dialogue: 0,0:02:34.92,0:02:37.26,Default,,0000,0000,0000,,Well, that's all big thoughts\Nand everything,
Dialogue: 0,0:02:37.26,0:02:41.28,Default,,0000,0000,0000,,but I'm going to argue\Nthat the sharing economy can be valuable
Dialogue: 0,0:02:41.28,0:02:45.62,Default,,0000,0000,0000,,because it provides us these opportunities\Nto make weak ties in communities.
Dialogue: 0,0:02:45.62,0:02:47.26,Default,,0000,0000,0000,,Let me give you an example.
Dialogue: 0,0:02:47.67,0:02:49.55,Default,,0000,0000,0000,,My family, we rented an Airbnb
Dialogue: 0,0:02:49.55,0:02:53.14,Default,,0000,0000,0000,,in a single-family residential\Nneighborhood in Bend, Oregon.
Dialogue: 0,0:02:53.14,0:02:57.87,Default,,0000,0000,0000,,And we go there, and we're at the park\Nwith my two-year-old daughter at the time,
Dialogue: 0,0:02:58.12,0:03:01.78,Default,,0000,0000,0000,,and we start talking\Nto another guy who's there,
Dialogue: 0,0:03:01.78,0:03:04.37,Default,,0000,0000,0000,,who lives there and has a two-year-old.
Dialogue: 0,0:03:04.37,0:03:07.84,Default,,0000,0000,0000,,And we start talking about how hard it is\Nto find a place to go with kids,
Dialogue: 0,0:03:07.84,0:03:09.03,Default,,0000,0000,0000,,a place go out to eat.
Dialogue: 0,0:03:09.03,0:03:14.10,Default,,0000,0000,0000,,He tells us about this pop-up beer garden\Nthat has come up across town,
Dialogue: 0,0:03:14.10,0:03:15.34,Default,,0000,0000,0000,,where there's food trucks,
Dialogue: 0,0:03:15.34,0:03:18.01,Default,,0000,0000,0000,,he says, "It's a great place to go,\Nyou should go there."
Dialogue: 0,0:03:18.01,0:03:20.08,Default,,0000,0000,0000,,We go, we have a great time,\Nit was perfect.
Dialogue: 0,0:03:20.08,0:03:23.08,Default,,0000,0000,0000,,That's the kind of information\Nthat wasn't in the tourist books,
Dialogue: 0,0:03:23.08,0:03:25.01,Default,,0000,0000,0000,,that we wouldn't have found ourselves.
Dialogue: 0,0:03:25.01,0:03:27.12,Default,,0000,0000,0000,,But it was that weak tie
Dialogue: 0,0:03:27.12,0:03:31.07,Default,,0000,0000,0000,,that provided us the information\Nto have a little bit of a better time.
Dialogue: 0,0:03:31.39,0:03:35.66,Default,,0000,0000,0000,,That's the kind of community building\Nthe sharing economy can really facilitate.
Dialogue: 0,0:03:35.66,0:03:39.17,Default,,0000,0000,0000,,But there's another issue of community\Nthat we really need to think about.
Dialogue: 0,0:03:39.17,0:03:43.99,Default,,0000,0000,0000,,Let's say that instead of just us\Nbeing there at the playground,
Dialogue: 0,0:03:43.99,0:03:49.23,Default,,0000,0000,0000,,there were 15 people that were vacationing\Nin that residential neighborhood.
Dialogue: 0,0:03:49.55,0:03:52.38,Default,,0000,0000,0000,,And we were all there\Nwith our two-year-old daughters,
Dialogue: 0,0:03:52.38,0:03:54.47,Default,,0000,0000,0000,,and he comes with his\Ntwo-year-old daughter.
Dialogue: 0,0:03:54.47,0:03:57.62,Default,,0000,0000,0000,,Well now, suddenly, it's not\Nthe same type of experience
Dialogue: 0,0:03:57.62,0:04:00.84,Default,,0000,0000,0000,,that he was expecting\Nwhen he went to the playground, right?
Dialogue: 0,0:04:01.24,0:04:04.33,Default,,0000,0000,0000,,So one of the issues\Nas we think about these types of uses
Dialogue: 0,0:04:04.33,0:04:08.93,Default,,0000,0000,0000,,that allow us to engage\Nin the communities that we visit
Dialogue: 0,0:04:08.93,0:04:13.39,Default,,0000,0000,0000,,is that we have to think about the effects\Non the communities that we are visiting.
Dialogue: 0,0:04:13.72,0:04:18.74,Default,,0000,0000,0000,,So while the sharing economy\Ncan provide us great new opportunities
Dialogue: 0,0:04:18.74,0:04:22.95,Default,,0000,0000,0000,,through things like weak ties,\Nto find new ways into the community,
Dialogue: 0,0:04:22.95,0:04:26.26,Default,,0000,0000,0000,,we also need to think about\Nthe types of effects that we have
Dialogue: 0,0:04:26.26,0:04:31.11,Default,,0000,0000,0000,,on established communities, and make sure\Nthat we're protecting them as well.
Dialogue: 0,0:04:31.44,0:04:33.09,Default,,0000,0000,0000,,Okay, so that's community.
Dialogue: 0,0:04:33.39,0:04:35.39,Default,,0000,0000,0000,,Now, let's talk about ownership.
Dialogue: 0,0:04:35.39,0:04:37.64,Default,,0000,0000,0000,,Americans, we love to own things, right?
Dialogue: 0,0:04:37.64,0:04:39.39,Default,,0000,0000,0000,,Let me give you a couple of examples
Dialogue: 0,0:04:39.39,0:04:45.83,Default,,0000,0000,0000,,about how the sharing economy\Ncan change our emphasis on ownership
Dialogue: 0,0:04:45.83,0:04:50.34,Default,,0000,0000,0000,,to an emphasis on access\Nto owning collective goods.
Dialogue: 0,0:04:50.34,0:04:51.36,Default,,0000,0000,0000,,Okay.
Dialogue: 0,0:04:51.36,0:04:55.08,Default,,0000,0000,0000,,Let's say you're working in your wood shop\Ntrying to make a piece of furniture,
Dialogue: 0,0:04:55.08,0:04:58.71,Default,,0000,0000,0000,,and you find out that halfway through\Nyou need some sort of specialty sander.
Dialogue: 0,0:04:58.71,0:05:01.64,Default,,0000,0000,0000,,Well, one thing you could do\Nis you can go down to Home Depot
Dialogue: 0,0:05:01.64,0:05:05.19,Default,,0000,0000,0000,,and buy that thing that costs\N$100 or $200, right?
Dialogue: 0,0:05:05.19,0:05:08.45,Default,,0000,0000,0000,,And you're going to use it,\Nthen it's going to sit there for a year
Dialogue: 0,0:05:08.45,0:05:13.96,Default,,0000,0000,0000,,or maybe two years, or maybe you'll use it\Nfive times in the entire time you own it.
Dialogue: 0,0:05:14.20,0:05:17.97,Default,,0000,0000,0000,,Then you'll sell it for $5,\N20 years from now.
Dialogue: 0,0:05:18.45,0:05:21.31,Default,,0000,0000,0000,,The alternative would be,\Nwhat's happening now,
Dialogue: 0,0:05:21.31,0:05:24.43,Default,,0000,0000,0000,,is that a lot of places\Nhave lending tool libraries.
Dialogue: 0,0:05:24.43,0:05:29.32,Default,,0000,0000,0000,,You go, you need that specialty sander,\Nyou use it for the weekend you need it,
Dialogue: 0,0:05:29.32,0:05:34.71,Default,,0000,0000,0000,,and then you take it back,\Nthen someone else gets to use it as well.
Dialogue: 0,0:05:35.30,0:05:39.22,Default,,0000,0000,0000,,Let me give you another example\Nof a sort of science fiction future.
Dialogue: 0,0:05:39.48,0:05:41.28,Default,,0000,0000,0000,,Autonomous vehicles.
Dialogue: 0,0:05:41.94,0:05:44.37,Default,,0000,0000,0000,,When we think about autonomous vehicles,
Dialogue: 0,0:05:44.84,0:05:47.61,Default,,0000,0000,0000,,which are probably going to be here\Nsooner than we imagine,
Dialogue: 0,0:05:47.61,0:05:49.70,Default,,0000,0000,0000,,in another decade or two, right?
Dialogue: 0,0:05:49.70,0:05:51.90,Default,,0000,0000,0000,,These are vehicles\Nthat will drive themselves.
Dialogue: 0,0:05:51.90,0:05:53.81,Default,,0000,0000,0000,,Now some people will buy these, right?
Dialogue: 0,0:05:53.81,0:05:57.22,Default,,0000,0000,0000,,These are the people\Nthat buy Teslas or something, right?
Dialogue: 0,0:05:57.22,0:06:00.00,Default,,0000,0000,0000,,But a lot of us are not going to buy\Nan autonomous vehicle.
Dialogue: 0,0:06:00.00,0:06:04.03,Default,,0000,0000,0000,,Instead what we're going to do\Nis we're going to access it
Dialogue: 0,0:06:04.03,0:06:07.69,Default,,0000,0000,0000,,through a shared autonomous vehicle, okay?
Dialogue: 0,0:06:07.69,0:06:11.85,Default,,0000,0000,0000,,And so what we want to do\Nis think about creating an access point
Dialogue: 0,0:06:11.85,0:06:17.93,Default,,0000,0000,0000,,to collective ownership\Nof that autonomous vehicle.
Dialogue: 0,0:06:17.93,0:06:21.63,Default,,0000,0000,0000,,This is precisely what General Motors\Nand Lyft are teaming up to do right now.
Dialogue: 0,0:06:21.63,0:06:23.12,Default,,0000,0000,0000,,You may have heard about this,
Dialogue: 0,0:06:23.12,0:06:27.40,Default,,0000,0000,0000,,but GM just purchased a $500 million stake\Nin the ride-sharing app Lyft.
Dialogue: 0,0:06:27.40,0:06:30.51,Default,,0000,0000,0000,,And what they are trying to do\Nis precisely this:
Dialogue: 0,0:06:30.51,0:06:35.23,Default,,0000,0000,0000,,create an access point\Nfor you and for all of us
Dialogue: 0,0:06:35.23,0:06:38.62,Default,,0000,0000,0000,,to these new autonomous vehicles.
Dialogue: 0,0:06:38.62,0:06:39.64,Default,,0000,0000,0000,,Alright.
Dialogue: 0,0:06:39.64,0:06:45.79,Default,,0000,0000,0000,,So what we've seen here with ownership\Nis that the collective access -
Dialogue: 0,0:06:45.79,0:06:49.45,Default,,0000,0000,0000,,if we focus on access\Nto collectively owned goods,
Dialogue: 0,0:06:49.45,0:06:50.92,Default,,0000,0000,0000,,we can do two things.
Dialogue: 0,0:06:50.92,0:06:55.79,Default,,0000,0000,0000,,First, we can better utilize\Nunderutilized goods,
Dialogue: 0,0:06:55.79,0:06:57.75,Default,,0000,0000,0000,,that's the sander that sits on the shelf,
Dialogue: 0,0:06:57.75,0:07:01.02,Default,,0000,0000,0000,,instead of sitting on the shelf,\Na bunch of people get to use it.
Dialogue: 0,0:07:01.02,0:07:03.92,Default,,0000,0000,0000,,And the other thing is we can plan\Nfor infrastructure better.
Dialogue: 0,0:07:03.92,0:07:06.81,Default,,0000,0000,0000,,We can better use\Nour infrastructure dollars.
Dialogue: 0,0:07:06.81,0:07:11.42,Default,,0000,0000,0000,,So if we collectively own that car\Nand it comes only when we need it,
Dialogue: 0,0:07:11.42,0:07:15.29,Default,,0000,0000,0000,,maybe we don't need a five-lane highway,\Nmaybe we only need a three-lane highway.
Dialogue: 0,0:07:15.29,0:07:19.02,Default,,0000,0000,0000,,And maybe we don't all need\Ndriveways anyway, right?
Dialogue: 0,0:07:19.02,0:07:23.20,Default,,0000,0000,0000,,The car will just pull up right in front\Nof our house when we need it.
Dialogue: 0,0:07:23.51,0:07:26.81,Default,,0000,0000,0000,,Now, that may all sound like\Nscience fiction future,
Dialogue: 0,0:07:26.81,0:07:28.91,Default,,0000,0000,0000,,but it will be here before we know it.
Dialogue: 0,0:07:28.91,0:07:30.82,Default,,0000,0000,0000,,And if we focus on this type of thing,
Dialogue: 0,0:07:30.82,0:07:36.84,Default,,0000,0000,0000,,we can substantially increase the way\Nwe plan for infrastructure in the future.
Dialogue: 0,0:07:37.20,0:07:39.41,Default,,0000,0000,0000,,Alright, reputation.
Dialogue: 0,0:07:40.88,0:07:42.69,Default,,0000,0000,0000,,When we think about reputation,
Dialogue: 0,0:07:42.69,0:07:45.59,Default,,0000,0000,0000,,we know that it's an important\Npart of business, right?
Dialogue: 0,0:07:45.59,0:07:49.03,Default,,0000,0000,0000,,But the reputation\Nin the sharing economy is all;
Dialogue: 0,0:07:49.03,0:07:50.69,Default,,0000,0000,0000,,it is everything.
Dialogue: 0,0:07:50.99,0:07:52.95,Default,,0000,0000,0000,,For both the workers and the consumers,
Dialogue: 0,0:07:52.95,0:07:57.100,Default,,0000,0000,0000,,it's important that we as individuals\Nbe able to own our reputations,
Dialogue: 0,0:07:57.100,0:08:00.84,Default,,0000,0000,0000,,and moreover, that we can take it with us.
Dialogue: 0,0:08:00.84,0:08:02.61,Default,,0000,0000,0000,,So, what does that mean?
Dialogue: 0,0:08:02.61,0:08:07.42,Default,,0000,0000,0000,,If you decide to use the sharing economy,\Nlike say you decide to hire a driver
Dialogue: 0,0:08:07.42,0:08:10.05,Default,,0000,0000,0000,,to take you from\Npoint A to point B on Uber.
Dialogue: 0,0:08:11.16,0:08:14.80,Default,,0000,0000,0000,,You're going to rate that person;\Nyou're going to give them five stars.
Dialogue: 0,0:08:15.13,0:08:17.15,Default,,0000,0000,0000,,Great job, they got me there on time.
Dialogue: 0,0:08:17.15,0:08:20.17,Default,,0000,0000,0000,,And they are maybe going to rate you,\Nmaybe give you four stars,
Dialogue: 0,0:08:20.17,0:08:23.20,Default,,0000,0000,0000,,because you weren't such\Na great conversationalist or something.
Dialogue: 0,0:08:23.47,0:08:27.34,Default,,0000,0000,0000,,Well, maybe in that one rating,\Nthere's some variation.
Dialogue: 0,0:08:27.34,0:08:31.36,Default,,0000,0000,0000,,But if that driver takes\N100 different rides,
Dialogue: 0,0:08:31.37,0:08:37.12,Default,,0000,0000,0000,,or 1,000 rides over the course of a year,\Nthey start to earn a reputation.
Dialogue: 0,0:08:37.12,0:08:38.96,Default,,0000,0000,0000,,If they're a great driver, five stars,
Dialogue: 0,0:08:38.96,0:08:41.69,Default,,0000,0000,0000,,you're going to want to take\Nthat ride with that person.
Dialogue: 0,0:08:41.91,0:08:44.36,Default,,0000,0000,0000,,Same with you as a passenger, right?
Dialogue: 0,0:08:44.36,0:08:45.91,Default,,0000,0000,0000,,Reputation matters.
Dialogue: 0,0:08:46.75,0:08:48.54,Default,,0000,0000,0000,,But here's the interesting thing.
Dialogue: 0,0:08:48.86,0:08:53.63,Default,,0000,0000,0000,,If that Uber driver decides\Nthat they want to go some startup,
Dialogue: 0,0:08:53.84,0:08:55.90,Default,,0000,0000,0000,,can they take their reputation with them?
Dialogue: 0,0:08:56.24,0:08:58.87,Default,,0000,0000,0000,,Let's say it's a company\Nthat does the exact same thing,
Dialogue: 0,0:09:00.42,0:09:05.92,Default,,0000,0000,0000,,some other startup, a Boise Uber\Nequivalent; they want to go local, right?
Dialogue: 0,0:09:06.32,0:09:09.30,Default,,0000,0000,0000,,Well, they can't take\Nthat reputation with them.
Dialogue: 0,0:09:09.30,0:09:12.24,Default,,0000,0000,0000,,They can't take those\N1,000 five-star ratings.
Dialogue: 0,0:09:12.67,0:09:13.91,Default,,0000,0000,0000,,I think that's a problem;
Dialogue: 0,0:09:13.91,0:09:16.59,Default,,0000,0000,0000,,I think that you should\Nbe able to own your reputation.
Dialogue: 0,0:09:16.94,0:09:19.85,Default,,0000,0000,0000,,Moreover, let's talk about\Nacross platforms.
Dialogue: 0,0:09:20.20,0:09:25.53,Default,,0000,0000,0000,,You want to hire that person to come\Nand assemble your baby's crib.
Dialogue: 0,0:09:25.79,0:09:30.28,Default,,0000,0000,0000,,Well, maybe you also want to know\Nabout their ratings as a driver on Uber,
Dialogue: 0,0:09:30.28,0:09:32.82,Default,,0000,0000,0000,,or hosting people on Airbnb.
Dialogue: 0,0:09:32.82,0:09:35.87,Default,,0000,0000,0000,,It may not be definitive\Nwith how they are with an Allen wrench,
Dialogue: 0,0:09:35.87,0:09:38.06,Default,,0000,0000,0000,,and you may decide to hire\Nthat person anyway,
Dialogue: 0,0:09:38.06,0:09:40.55,Default,,0000,0000,0000,,but wouldn't you want to know\Nif they had bad ratings
Dialogue: 0,0:09:40.55,0:09:44.01,Default,,0000,0000,0000,,or people thought they had\Nbad driving skills or something?
Dialogue: 0,0:09:44.24,0:09:46.94,Default,,0000,0000,0000,,These are the kinds of things\Nthat we would want to know,
Dialogue: 0,0:09:46.94,0:09:49.16,Default,,0000,0000,0000,,and that reputation should be portable,
Dialogue: 0,0:09:49.16,0:09:52.36,Default,,0000,0000,0000,,and somebody should be able\Nto own it individually.
Dialogue: 0,0:09:52.69,0:09:53.76,Default,,0000,0000,0000,,Alright.
Dialogue: 0,0:09:53.76,0:09:55.67,Default,,0000,0000,0000,,Finally, equity.
Dialogue: 0,0:09:57.86,0:10:01.24,Default,,0000,0000,0000,,One of the most important things\Nthat we've done over the last 50 years
Dialogue: 0,0:10:01.24,0:10:07.00,Default,,0000,0000,0000,,is to ensure equitable accommodation\Nin things like hotels and taxis.
Dialogue: 0,0:10:07.28,0:10:10.95,Default,,0000,0000,0000,,People that are disabled,\Nminorities in our population,
Dialogue: 0,0:10:10.95,0:10:13.24,Default,,0000,0000,0000,,have historically struggled
Dialogue: 0,0:10:13.24,0:10:16.68,Default,,0000,0000,0000,,with these types of public accommodations\Nand public utilities.
Dialogue: 0,0:10:17.54,0:10:20.59,Default,,0000,0000,0000,,African Americans\Nhaving trouble finding taxis,
Dialogue: 0,0:10:20.59,0:10:26.94,Default,,0000,0000,0000,,people with disabilities\Nnot being able to access buildings.
Dialogue: 0,0:10:27.58,0:10:31.46,Default,,0000,0000,0000,,We've done a lot over the last 50 years\Nwith the Americans with Disabilities Act
Dialogue: 0,0:10:31.46,0:10:34.43,Default,,0000,0000,0000,,and specifically\Nthe Civil Rights Act of 1964.
Dialogue: 0,0:10:34.43,0:10:39.43,Default,,0000,0000,0000,,They've done a lot to assure\Nthat the disabled and minorities
Dialogue: 0,0:10:39.43,0:10:46.14,Default,,0000,0000,0000,,in our society have access\Nto these public accommodations.
Dialogue: 0,0:10:47.22,0:10:50.88,Default,,0000,0000,0000,,But there is a lawsuit\Nin California right now
Dialogue: 0,0:10:50.88,0:10:57.11,Default,,0000,0000,0000,,where a number of blind individuals\Nhave alleged they've had a hard time
Dialogue: 0,0:10:57.11,0:11:00.77,Default,,0000,0000,0000,,getting rides with ride sharing\Ncompanies like Uber and Lyft,
Dialogue: 0,0:11:00.77,0:11:04.66,Default,,0000,0000,0000,,because drivers do not want\Nto have their dogs
Dialogue: 0,0:11:06.87,0:11:09.48,Default,,0000,0000,0000,,in the cars with them.
Dialogue: 0,0:11:11.19,0:11:14.39,Default,,0000,0000,0000,,At the same time, a recent study\Nout of Harvard University
Dialogue: 0,0:11:14.39,0:11:19.16,Default,,0000,0000,0000,,has found that those\Nwith African-American names on Airbnb
Dialogue: 0,0:11:19.16,0:11:23.92,Default,,0000,0000,0000,,have had a much harder time\Nsecuring a place to stay through the site
Dialogue: 0,0:11:23.92,0:11:27.62,Default,,0000,0000,0000,,than those with non-African-American\Nsounding names.
Dialogue: 0,0:11:27.90,0:11:31.79,Default,,0000,0000,0000,,These point to problems\Nwith the sharing economy
Dialogue: 0,0:11:31.79,0:11:33.40,Default,,0000,0000,0000,,that we need to address.
Dialogue: 0,0:11:33.40,0:11:38.10,Default,,0000,0000,0000,,I would argue that while the nature\Nof the regulations to ensure equity
Dialogue: 0,0:11:38.10,0:11:40.28,Default,,0000,0000,0000,,may be difficult for us to think through,
Dialogue: 0,0:11:40.28,0:11:44.56,Default,,0000,0000,0000,,they're important to ensure\Nthat equity remains viable
Dialogue: 0,0:11:44.56,0:11:46.62,Default,,0000,0000,0000,,in this new economy that we're creating.
Dialogue: 0,0:11:47.17,0:11:49.12,Default,,0000,0000,0000,,So these are the core principles.
Dialogue: 0,0:11:50.72,0:11:53.87,Default,,0000,0000,0000,,These are the core principles,\Nand If we follow through with these,
Dialogue: 0,0:11:53.87,0:11:57.54,Default,,0000,0000,0000,,and we make the core principles
Dialogue: 0,0:11:57.54,0:12:02.27,Default,,0000,0000,0000,,part of the way that we think\Nthrough the sharing economy,
Dialogue: 0,0:12:02.58,0:12:08.96,Default,,0000,0000,0000,,we can make sure that we have not only\Nnew opportunities for the sharing economy,
Dialogue: 0,0:12:09.18,0:12:10.83,Default,,0000,0000,0000,,a new way of doing business,
Dialogue: 0,0:12:10.83,0:12:14.61,Default,,0000,0000,0000,,but one that is equitable\Nand can actually revolutionize our lives.
Dialogue: 0,0:12:14.61,0:12:15.74,Default,,0000,0000,0000,,Thank you.
Dialogue: 0,0:12:15.74,0:12:17.47,Default,,0000,0000,0000,,(Applause) (Cheers)