As a consumer (driver), if rich VC's want to subsidize my rides (wages) they can be my guest. Anti-competitive practices are bad in theory, but I think a lot o

As a consumer (driver), if rich VC's want to subsidize my rides (wages) they can be my guest. Anti-competitive practices are bad in theory, but I think a lot of time the effects are overstated and businesses trot them out as a convenient excuse to get government to regulate their competition. The political and legislative process is pretty messed up. You can't just assume government will be able to wave a magic wand and fix it with no side effects. Keep in mind the original NYC medallion system was put in place via regulation, and it's the root of many of these problems. There was a lot of similar anti-competitive talk around firms like Walmart and Barnes and Noble. Neither could have been THAT anti-competitive, seeing as how both are now having trouble competing with companies like Amazon. And meanwhile, consumers have enable to enjoy low prices and get more for their money.