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Good catch. The way I see it, Uber is trying to establish a global rent-seeking scheme. Or, to put it in slightly another way: they're trying to capture a larg
by bostik 12y ago
Good catch.
The way I see it, Uber is trying to establish a global rent-seeking scheme. Or, to put it in slightly another way: they're trying to capture a large number of the existing, mostly local rent-seeking schemes.
Once that happens, they will no doubt fall into the same slouch that infests any lucrative monopoly.
For the time being the customers can at least enjoy the ride.
- sitkack 12y agoUber wins on latency and that is it. An actual taxi costs less.