OK, but what if applying ”capitalism” to a service industry pushes workers towards poverty and lowers their standards of living? That’s what has happened in Fi

OK, but what if applying ”capitalism” to a service industry pushes workers towards poverty and lowers their standards of living? That’s what has happened in Finland. Established, trained and taxpaying cab drivers had to compete against untrained drivers who haven’t got a business license or pay taxes. This triggered a race to the bottom and drove many into unemployment, poverty and bankruptcy. Literally no one gained anything from this other than foreign-based ride-hailing apps: remaining drivers (many of them immigrants) barely get paid due to the price race to the bottom, customers get worse service and worse ride comfort and slower drives due to independent drivers not even going through a basic city knowledge test. Government loses tax money and much of the revenue is siphoned to foreign countries.