Uber's approach to business is to crush any competition with bottom of the barrel rates, funded by investor money or foreign profits. If they can't kill all of

Uber's approach to business is to crush any competition with bottom of the barrel rates, funded by investor money or foreign profits. If they can't kill all of the competition, their approach puts them at a loss without a chance to make their money back later. Higher rates make it easier for competition to set up alternatives and let the free market do its job.