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I’m sure there’s a plethora of companies ready to move in and take their business.
by swexbe 3y ago
I’m sure there’s a plethora of companies ready to move in and take their business.
- gwill 3y agoI haven't heard of any of them.
- antifa 3y agohttps://libretaxi.org/ https://libretaxi.org/ There's a lot of companies and cooperatives from a quick look. Even cities rolling their own. Uber/Lyft is handing an entire market over to a lucky competitor,
- squigz 3y agoI mean, if the holy Free Market is as wonderful as some people say, a new and better alternative will take their place. Right?
- knownastron 3y agoThis is a really elementary misunderstanding of free market principles. That theory only holds if the market is actually free. As an extreme example, if they regulated minimum $1000 per ride. No logical person, free market oriented or not, would expect "alternatives" to take their place.
- paxys 3y agoUber and Lyft combined have raised upwards of $20 billion in venture funding and have been operating unprofitably for the last decade and a half. There's a reason the "free market" cannot simply replace them in a day.