Uber uses hype money to incentivize working for them and tanking Deliveroo, able to absorb losses for years, allowing them to drive out competitors out of business. Then Uber drives down their own prices.
What do you do then? Change jobs? For an industry where the exact same thing has happened because of some moron with VC money that thinks that regulations are for the small people?
GP wasn't implying that every rider should start their own competitor. Juno is an example of a ride hailing company that corrected for low driver wages through market mechanisms.
Starting a business that has a profitable business model is easy. Just go to investors with a reasonable business plan, and you can get funded. There are angel investors in every town, everyone has relatives, etc.
What do you do then? Change jobs? For an industry where the exact same thing has happened because of some moron with VC money that thinks that regulations are for the small people?