[hayst4ck]

What we see is exactly what Uber and Lyft effectively did. China subsidized manufacturing at the cost of their citizens, but in doing so destroyed much of the competition, giving them a monopoly like position in industrial manufacturing cemented by a mastery of economies of scale, which can now be used to exert global power.

Any country which did not abuse their citizens or subsidize their businesses became noncompetitive.

And why would you use old school taxis when uber/lyft were offering $5 rides in a 7x7mile area, and how could old taxi companies compete when they are forced to compete with people not bound by market forces?