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by 1024core
3376 days ago
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The reason for the US' horrible state of affairs: corruption. Ever since regulation of the taxi industry started, the 'players' in each city decided to use this artificial constraint to enrich themselves. Medallions (the right to drive a cab in a city) were doled out to the politically connected, who, in turn, rented them out to the actual workers (drivers) for a tidy sum. It was a great scam. If there's one positive thing about Uber, it's that they brought an end to this medallion monopoly. |
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