Toronto taxi medallion prices peaked at $360k CAD prior to Uber entering the market [0]. That seems like pretty strong evidence of the system being coopted to s

Toronto taxi medallion prices peaked at $360k CAD prior to Uber entering the market [0]. That seems like pretty strong evidence of the system being coopted to serve the interests of medallion holders rather than consumers. [0] - https://globalnews.ca/news/1780260/toronto-taxi-licence-prices-are-plummeting-is-uber-to-blame/ https://globalnews.ca/news/1780260/toronto-taxi-licence-pric...