Uber: Losing crazy amounts of VC cash to [often illegally] compete against traditional companies that must be cashflow positive. It's not a level playing field. Laws exist so that drivers could make a livable wage; Uber is devaluing the medallions they've invested in.
This is two separate points. The one about dumping / running at a loss to remove competition makes sense.
But the one about taxi medallions and a "livable wage"? Yeah, that one's bullshit. Limiting supply (of anything!) to jack up prices is not a good-for-society practice.
Drivers are defacto employees, integral to the business of Uber, but are treated as independent contractors, which shafts the tax burden to uber drivers.
Predictability is overrated, especially if you have a system based on adaptability (like, say, the way markets work) rather than making and following long-term plans.
This is two separate points. The one about dumping / running at a loss to remove competition makes sense.
But the one about taxi medallions and a "livable wage"? Yeah, that one's bullshit. Limiting supply (of anything!) to jack up prices is not a good-for-society practice.