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I'm genuinely curious as to how Uber is an example of crony capitalism. If anything, aren't the established interests fighting to keep the old taxi medallion s
by throwaway420 12y ago
I'm genuinely curious as to how Uber is an example of crony capitalism.
If anything, aren't the established interests fighting to keep the old taxi medallion system in place an actual example of crony capitalism?
- radmuzom 12y agoHuh? Playing by the rules - however bad the rules are - is NOT crony capitalism. Bribing officials to not follow them is (or one among many aspects of crony capitalism).
- pgeorgi 12y agoUber has a warchest in the billions. Local taxi companies sometimes have ~50% of their value invested in their 5 cars. The "old taxi medallion system" is a prime example of Uber's sneaky PR: Just because the system might be broken in San Francisco or New York, or whatever is the poster-evil Uber claims to fight, doesn't mean that a) it's like that everywhere, b) Uber is any better.
- GFK_of_xmaspast 12y agoIt's all just regular capitalism.