Extremely expensive taxi medallions were only a thing in a handful of US cities. Most places don't use the medallion system at all. The irony is that "democrati

Extremely expensive taxi medallions were only a thing in a handful of US cities. Most places don't use the medallion system at all. The irony is that "democratising the supply side" has in many places lead to worse supply than there was before. > When something is disrupted, it doesn’t always mean the disrupters will win or even stick around. Sometimes that’s not the part that matters. I thought it was fairly commonly accepted that ends don't justify the means. How a goal is achieved absolutely matters. My local taxi companies were already providing app based booking, payment, and tracking. Uber came in, burned a shitload of cash and ultimately harmed society by doing so. Now prices are higher than the small companies they buried with VC money, yet they're still burning ungodly amounts of money. Personally, I don't think that type of "disruption" is of net benefit to anyone other than early investors. The destabilisation of the market sector and eventual deterioration in quality of service cause far harm to customers/society in the long run.