> That's market economy 101. Why are so many hackers so bad at basic economics? I'm a high school IT teacher, so I don't pretend to know much about economics :

> That's market economy 101. Why are so many hackers so bad at basic economics? I'm a high school IT teacher, so I don't pretend to know much about economics :) You may be right that the market will work itself out. I don't think free markets are a solution to every problem though. Some industries are highly regulated with state sanctioned monopolies because the free market can't be relied upon to provide a reasonable solution. Look to US healthcare as an example of free market economics gone awry. The SV mantra of "move fast and break things" works well if you're building some new dating app, not so much if you're potentially disrupting something that's actually important. If Uber strong arms its way into a market and then subsequently shits the bed, then what? How do local economies deal with the resulting vacuum? Maybe the vacuum get's filled, and if it doesn't? Then what? There are other industries where such disruption is not tolerated. Can you imagine if power, sanitation or road maintenance was completely deregulated and some foreign entrant was allowed to come in like a wrecking ball to experiment with "innovative" new models? The potential downsides far outweigh the possible upsides. Maybe taxis don't fit into the critical infrastructure jigsaw puzzle. I'm not qualified to comment on that, but I can see how Uber's tactics can have a net negative impact on the communities it enters. We'll see how it all plays out in good time. There are enough markets that are allowing Uber to operate that eventually it will shake out one way or another.