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The main problems seem to be that Uber is simultaneously in control of supply and demand and can pretty much single handedly decide the terms of the agreement b
by contravariant 10y ago
The main problems seem to be that Uber is simultaneously in control of supply and demand and can pretty much single handedly decide the terms of the agreement between them and drivers. Basically they've created a market they are now in control of, which goes against the principles of both capitalism and socialism.
That said, it's hard to determine exactly how to prevent this from happening, and even harder to fix. My current best estimate is that either Uber needs to stop being a market and function as a full fledged company, or supply and demand should be made independent. This could be done by, for example, splitting Uber into a company advertising the services of drivers, and a separate company that buys these services for their customers. This should in theory allow for more competition.