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And undoing with two horrible policies:- 1. Creating a taxpayer funded Uber competitor, all to break up a monopoly. Looks like they don't know concept of a reg
by iamshs 9y ago
And undoing with two horrible policies:-
1. Creating a taxpayer funded Uber competitor, all to break up a monopoly. Looks like they don't know concept of a regulator. https://qz.com/1037837/indias-uber-ola-cab-wars-could-have-a-new-player-the-modi-government/ https://qz.com/1037837/indias-uber-ola-cab-wars-could-have-a...
2. Banning self driving cars, because India needs jobs.
- piyush_soni 9y agoWhile I find the ban on self driving cars absurd (and something I hope they'll take back when self driving cars become more common), I don't find anything wrong with a government created competitor of Uber and Ola. Why not, if it eventually benefits the consumers? Also, regulation doesn't increase government's revenues. I don't think the idea is bad by itself, it all depends on the implementation now.
- jsudhams 9y agoSeriously? Like they run all the existing services. What we want less government involvement not more.
- iamshs 9y agoMicrosoft has monopoly in a market. US/EU response: anti-trust regulations. Uber/Ola have monopoly in a market. Indian response: burn taxpayer money. This is how license raj is created. It will not create revenue but burn money like Air India ($8 Billion worth of taxpayer money burned), OFB, SAIL, BSNL. India has a long list of loss making PSUs. This won't be any different. Uber hasn't earned any profit yet, how will Indian government earn any?
- dingo_bat 9y ago100% agreed. This is just stupidity. The word "socialist" in our constitution never ceases to fuck things up.