Quote:
Originally Posted by Sidd Finch
But for the medallion system, Uber or something like it could have sought to work within the existing system, essentially providing a software package that would enable taxis to better serve customers, and charging them for it.
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It could have, but that would have left in place the market-distorting restriction on supply that the medallion system represents and thereby substantially reduced its ability to be welfare-enhancing.
I have no problem with objections to Uber based in safety, insurance and signage or other substantive regulation, but complaining about them because they don't comply with the existing cartel is really weird.
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