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But in this scenario isn't it basically better for everyone (except Uber) to reorganize everything into a co-op? This is a great example of capitalism not bein
by rtpg 9y ago
But in this scenario isn't it basically better for everyone (except Uber) to reorganize everything into a co-op?
This is a great example of capitalism not being able to generate the best solution. In an alternate universe there would be a regulated exchange with ~0 cut of the profits, instead making sure drivers get the money since they're doing most of the work. Uber does handle pricing, but even then it has "cheated" to get a bigger slice of the pie.
Imagine the NYSE taking even 5% of trades.