Re:Uber operating at big losses, suggests document leak
by Nursie on Thursday August 06, 2015 @10:19AM
(#10016586)
Regulations are not always imposed to protect incumbents.
This meme is really winding me up lately. Sure, it seems like in the US market there are protections in place for existing firms - tax medallions etc.
This does not apply everywhere and some of the regulations around this industry are genuinely for consumer protection. Uber may well have a case for some of the regs to be reviewed, but you can't just blithely dismiss every rule as protectionist.
This meme is really winding me up lately. Sure, it seems like in the US market there are protections in place for existing firms - tax medallions etc.
This does not apply everywhere and some of the regulations around this industry are genuinely for consumer protection. Uber may well have a case for some of the regs to be reviewed, but you can't just blithely dismiss every rule as protectionist.