Re:Chicago taxi industry sliding towards collapse
by CamperBob2 on Saturday June 10, 2017 @03:05PM
(#14528683)
Yikes- I have only a little sympathy for the taxi industry, but it is very scary that you do not believe we should be concerned with whether market forces improve society or not.
Pretty much any actual customers of ride-sharing services such as Uber and Lyft have already answered that question adequately for themselves. No one else's opinion -- not yours, not mine, and damned sure not the taxi cartel's -- is of any importance.
That doesn't mean there aren't risks, of course, especially for those who think the cheap rides are going to last forever. If government has a legitimate role here, it will come into play when the VCs get tired of subsidizing said Uber and Lyft customers. The taxi medallion business may be dead, but it won't be buried for good until the ride-sharing industry is genuinely self-sustaining.
Pretty much any actual customers of ride-sharing services such as Uber and Lyft have already answered that question adequately for themselves. No one else's opinion -- not yours, not mine, and damned sure not the taxi cartel's -- is of any importance.
That doesn't mean there aren't risks, of course, especially for those who think the cheap rides are going to last forever. If government has a legitimate role here, it will come into play when the VCs get tired of subsidizing said Uber and Lyft customers. The taxi medallion business may be dead, but it won't be buried for good until the ride-sharing industry is genuinely self-sustaining.