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> “There is an element of trust that we are relying on Uber to set the market clearing price, and to the extent Uber and Lyft have market power, that can be dis
by fisherwithac 7y ago
> “There is an element of trust that we are relying on Uber to set the market clearing price, and to the extent Uber and Lyft have market power, that can be distorted,” said Stucke. “They can create the rules of the game, they can design the competitive process and they can ensure whichever driver makes more or less, whoever wins in the competition among drivers, they can be assured they’re always going to profit.”
Seems to me either there need to be some antitrust laws brought down on companies like Uber/Lyft, or the laws that are already in place (if any) need to be better enforced.
If that's not the best way to go, then what else can there be done other than simply eschewing these ride sharing companies altogether?