You should look at what’s going on in Cancun Mexico with Uber and the taxis right now. Your description in the first sentence is quite accurate.
Your comment also points out the power that regulation has to enforce and protect monopolies. I’m not saying all regulation is bad obviously, but I think we can see exactly what effect it had on the taxi industry, and I’m sure glad that Uber managed to disrupt it.
Your comment also points out the power that regulation has to enforce and protect monopolies. I’m not saying all regulation is bad obviously, but I think we can see exactly what effect it had on the taxi industry, and I’m sure glad that Uber managed to disrupt it.