- an industry wants to operate as cartel,
- but it can't police defectors charging market prices,
- so it gets the government to enforce the cartel,
- and calls this "regulation" even though it gouges, rather than protects the public.
And somehow it is unfair if this gets undermined by events?
To take your mall-and-hawkers example, what exactly is wrong with that situation? In practice it doesn't happen very often because no one is going to give the hawkers space for free.
But if the mall rents were high because the builder bribed the council to keep competition far away, well that's their own fault.
In exchange taxis were licensed to ensure the prices the city set supported a fleet of taxis.
It's hilarious that Uber a billion dollar corporation portrays a bunch of Muslim or African immigrants as rich fat cats. Just lol
What they're currently doing is like if a shopping mall charged resident shops a hefty fee, but allowed hawkers to set up next door for free, allowing them to sell the same goods for far less.