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by Terr_ 3568 days ago
While there is definitely rent-seeking to combat, it's also true that the restricted-supply exists because we already tried the unregulated version and ran into problems. At one point it was creating painful costs (e.g. congestion) which were externalized onto everybody else.

http://www.politico.com/states/new-york/city-hall/story/2014...

1 comments

Hmmm... Uber is basically unregulated. Whoever wants to drive for Uber can. Why hasn't the system imploded yet? Why isn't it solid gridlock in NYC due to too many Uber cars?