[spywaregorilla]

Is there any evidence that this is due to regulation and not just market forces coupled with a finite pool of burnable vc funding?

[pseudo0]

Toronto taxi medallion prices peaked at $360k CAD prior to Uber entering the market [0]. That seems like pretty strong evidence of the system being coopted to serve the interests of medallion holders rather than consumers.

[0] - https://globalnews.ca/news/1780260/toronto-taxi-licence-pric...

[gms]

Market forces alone (in particular: competition) don’t lead to consumers being hurt.

[spywaregorilla]

Market forces lead to consumers being hurt all the time due to externalities, information asymmetry, monopolistic / monopsonistic / platform owner powers, etc.