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I mean even if Uber paid for it the general consensus in economics is improving market efficiency is a net good. Like yeah obv it sucks for taxi drivers but the
by collegeburner 4y ago
I mean even if Uber paid for it the general consensus in economics is improving market efficiency is a net good. Like yeah obv it sucks for taxi drivers but the position of a lot of governments (EU more than most) is that consumer benefit at the expense of business is fine. So kinda inconsistent for the EU to say they'll go screw with other companies for consumer benefit but then "oh no not the poor cabbies, we can't let the cabbies make less money!" Also there's a lot of rent-seeking in traditional cab industry that comes from stuff like the high cost of entry and the lobbying to keep it in place so taking that out should make a better economic outcome.
- xorcist 4y agoThe EU most certainly doesn't legislate taxi regulations. If you think your local legislature is harming competition, speak to your local legislator. EU institutions can't help, by design, unless maybe if the unfair competition infringes your individual rights.