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> This varies a lot by area - For example, I'd say the NY medallion regulations had a point to them, and that point was to systematically abuse cab drivers for
by bsder 5y ago
> This varies a lot by area - For example, I'd say the NY medallion regulations had a point to them, and that point was to systematically abuse cab drivers for the profit of the local government and banks.
NY cab medallion regulations were rooted in the aftermath of the Great Depression where it was a race to the bottom and little things like "car maintenance" were viewed as a burden.
Funnily enough, Uber and Lyft are in this race to the bottom right now. Hopefully we can stop it before they start kidnapping people.
History doesn't repeat, but it sure rhymes
- horsawlarway 5y agoSure - Regulations need to be a balancing act, though. Without any - Folks will cut every corner they can to save money, which leads to lots of negative externalities. With too many - there's no reason to offer a compelling product, because the regulations define such a static status quo. Both of those are bad. You need a healthy mix.