Is Uber's Stock Scam Evidence of a Successful Business Model?

Back in the old days, economists used to think that having a profitable business was evidence of a successful business model. This success could be based on things like ripping off workers and/or customers or destroying the environment, which obviously are not good, but if a business was not profitable, it would be hard to call it a success, whether or not it followed the law and social norms.

However, for Roger Lowenstein and the Washington Post, profits no longer matter. Lowenstein proclaim...