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Except the taxi industry in many cities is not a free market, my city in particular being #1 on both the world crony capitalist index and the world economic fre
by pcr0 9y ago
Except the taxi industry in many cities is not a free market, my city in particular being #1 on both the world crony capitalist index and the world economic freedom index (Hong Kong). Uber stuck their middle finger at our regulators in a way that no other company had dared to before, at the benefit of consumers.
Going forward, I don't think we'll ever see another taxi company with the balls and cash that Uber has (or had).
- Apocryphon 9y agoThen it should be hoped that locals will be inspired by Uber's example and launch a native version. If we're going to put our faith in markets and free enterprise, then we need to believe that the market will find a way to deal with the gap of Uber. To do otherwise is to view the organization as indispensable, which is even worse than laissez-faire market worship; it's the objectivist veneration of a producer (vs. looters), and bowing to Uber's will because we think we cannot live if it shrugs. There are plenty of other people in this world with balls and cash.