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I believe the medallion/license models is no longer viable and largely a beuraucratic, obsolete, monopolistic form of rent seeking. And Uber has largely proven
by bitrevolution 7y ago
I believe the medallion/license models is no longer viable and largely a beuraucratic, obsolete, monopolistic form of rent seeking. And Uber has largely proven this.
I am more interested in the technical and financial feasibility of replicating an employee owned ondemand marketplace such as Uber and more generally any service that provides limited efficiency to the end user at an unreasonably high cost to the supplier.
- deleted 7y ago[deleted]
- narag 7y agoI deleted a previous response, now I understand better what you meant. In my humble opinion, it doesn't work. Cooperatives tend to bureaucratic, obsolete, monopolistic forms of rent seeking and then comes some uber and eat them. But that's just like my opinion, really.