In India, Uber now imposes a background check that drastically exceeds the regulatory minimum (police-issued "character certificate", approx an 8k bribe).
It is outrageously silly to compare Uber's self-regulation in an environment where it is surrounded by the constant threat of more intrusive government regulation; to it's hypothetical behavior in a hypothetical world where government regulation was not on the table.
One of the MAJOR positive spillover effects from government regulation is that companies self-police themselves more effectively, as part of their attempt to make sure they remain officially unregulated.
One of the MAJOR positive spillover effects from government regulation is that companies self-police themselves more effectively, as part of their attempt to make sure they remain officially unregulated.