> and frequently forced the drivers to do or pay for their own repairs on the cars. I'm not saying the old medallion system was great, but I thought the cab co

> and frequently forced the drivers to do or pay for their own repairs on the cars. I'm not saying the old medallion system was great, but I thought the cab companies back then owned all the cars. (Source: my in-laws owned a medallion company, and I knew a few other cab company owners in NYC in the aughts.) They would frequently make drivers take responsibility for routine care and maintenance (with the worst medallion companies really stretching the definition of "routine"), but they put up the capital and rented cabs out to drivers at exorbitant rates (e.g., $1500/week in NYC ~15 years ago). Contrast this with Uber, which imposes the same or worse labor conditions and offloads all capital risk onto the drivers.