This said, every tragedy of the commons scenario that was previously avoided by regulation happened, What are the downsides that regulation avoided, which are

This said, every tragedy of the commons scenario that was previously avoided by regulation happened, What are the downsides that regulation avoided, which are now happening? the streets of major cities are almost entirely cars for hire, where it's nearly impossible to make a living wage working as a driver on only 40 hours a week. Making a living wage wasn't so great for beginning cab drivers either. They had to rent their cabs from medallion holders, which often meant they had to take a lot of rides before they saw dollar 1.