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by davidgerard
4389 days ago
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>It's easy to dismiss off the protestors as old hat for not reacting gracefully to a changing market, but the issue at least in London seems to largely be with the fact that their existing businesses are subject to more costs and regulations than the kinds that Uber and other services are facing. This is the fundamental issue: Uber's business advantage is to evade regulations that apply to its competitors; its business strategy is to try to drive them out of the market before regulation catches up with them. |
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http://www.corriere.it/Primo_Piano/Cronache/2006/07_Luglio/2...
Short English version: economist and professor writes an editorial advocating liberalizing taxis, and some taxi drivers printed a flyer with his face, home address and phone number, inviting taxis to honk when they go by his house.
And don't forget that a lot of that regulation - in some places - may have been written by the industry in question in order to maintain the status quo:
http://en.wikipedia.org/wiki/Regulatory_capture