You didn't pay attention: the totally unregulated market was the source of much violence in the 1930ies. History has clearly demonstrated the need for taxi regu

You didn't pay attention: the totally unregulated market was the source of much violence in the 1930ies. History has clearly demonstrated the need for taxi regulation in New York, and the problem is that at some point the regulatory body stopped caring about the public need (and presumably the public never started trying to get more drivers on the streets)