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Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by logicchains on Thursday January 04, 2018 @11:15PM (#16076482)
>Who voted for Kalanick? What gave him the right?

You could say people voted with their wallets.

Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by NotSammyHagar on Friday January 05, 2018 @12:43AM (#16076806)
>>Who voted for Kalanick? What gave him the right? >You could say people voted with their wallets.

Money should never overwhelm the will of the people. I say this even though I hated the way taxis used to work, with the artificial limitation, and I love a chance to take a much more convenient app based ride, I really despise how they got away with violating at least any standard of reasonable behavior, but also they were apparently violating the law literally - one example being paying the hackers not to hack and not telling anyone.

Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by krrrh on Friday January 05, 2018 @02:42AM (#16077202)
Everything you say is true, but the vested rent-seeking interests of the medallion holders that for years caused untold costs to people who needed transportation, and to the economy as a whole, was also despicable. Money was already overwhelming the will of everyone who couldn’t get a cab, who had to buy a car they didn’t want to own, and who had to put up with a higher percentage of drunk drivers. Just because it was that way for decades and few imagined it could be different, it didn’t make it right.

It’s like the quote from the Chronicles of Riddick, “sometimes the only way to stop evil is not with good. You must confront it with another kind of evil”.

Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by crdoconnor on Friday January 05, 2018 @08:05AM (#16078291)
I think Goldman Sachs took an Uber stake around the time it dumped it's medallions.

So the identity of the rent seekers at the top hasn't even changed. But you use an app now... so, yay?

I think anybody who takes a rent seekers' side over even the most despicable politician doesn't deserve to live in a Democracy.

Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by rtx on Friday January 05, 2018 @11:16AM (#16079475)
As a rent seeker, democracy protects me.
Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by crdoconnor on Saturday January 06, 2018 @09:19AM (#16085341)
No, as a rent seeker donations to politicians and think tanks protect you. More democracy puts your rents at risk.
Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by forapurpose on Saturday January 06, 2018 @04:04AM (#16084495)
> untold costs

This really turns taxi service into some great horror. Uber didn't cure cancer or even invent the Internet (nor is it cheaper than cabs in cities I've been in); they just made a marginal improvement in one form of transportation, partly by using massive wealth to take on losses and by imposing externalities on others: The cost of cars on the drivers, safety on the passengers, traffic on the rest of the city (a big reason for medallions, afaik, was to avoid the traffic jams that Uber creates in cities). Cabs worked fine for many years, and still do.

> It’s like the quote from the Chronicles of Riddick, “sometimes the only way to stop evil is not with good. You must confront it with another kind of evil”.

Evil? Cabs are evil? If we're getting our philosophy from the Chronicles of Riddick, it suddenly all makes sense. The better sources of philosophy would disagree.

So should anyone who wants be able to break laws and abuse people? If the only justification you need is that cab service isn't great, what good are laws?

Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by forapurpose on Friday January 05, 2018 @12:13AM (#16076722)
> You could say people voted with their wallets.

You could say it, but that's not how democracy or legitimate government and lawmaking works. And in Uber's case, the wallets voting are a few investors who subsidized the customers.

Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by kamaal on Friday January 05, 2018 @04:34AM (#16077554)
For better or worse, thats how it should work. Failure of centrally planned economies all across the globe says something.

Markets don't have elections and most politicians/bureaucrats don't exactly have the competency to decide what should be good for everyone. Letting people vote with their wallets has largely worked.

Of course no system is perfect, but this is as fair as it gets.

Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by forapurpose on Friday January 05, 2018 @07:09PM (#16082902)
> For better or worse, thats how it should work. Failure of centrally planned economies all across the globe says something.

This issue has nothing to do with central planning. Free market theory does not support legal anarchy. It really should work that businesses can do whatever they want, irrespective of the law? Can they murder? Steal? Damage your property and life? It's absurd.

Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by crdoconnor on Friday January 05, 2018 @08:21AM (#16078362)
The centrally planned NHS achieves similar public health outcomes to the US for less than half of the cost.

The excellent Cuban health system achieves the same for roughly 1/10th the cost.

Which part of "double the price same product" counts largely "worked" and why do you want me to give up my cheaper system for yours?

Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by megaman22 on Friday January 05, 2018 @10:03AM (#16078967)
We can discuss the efficiency of a market-based health care system when such a thing exists. The current system is as artificial and corrupted as the taxi medallion situation.

If only I could walk into a health care facility and see the prices posted on the wall for various procedures, or get an estimate upfront, the way I can at any auto garage...

Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by crdoconnor on Friday January 05, 2018 @10:27AM (#16079132)
No true scotsman...
Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by whb07 on Friday January 05, 2018 @09:24AM (#16078723)
Well, this isn’t my point of view but the US largely subsidizes the medicine and research for the rest of the world when it comes to health. Just look at the number of medical innovations year coming the rest of the world COMBINED vs the US. Clearly there’s some free riding happening by the rest.

Furthermore, don’t ever say “excellent Cuban” anything. There’s a reason why people try to cross shark infested waters on dingy rafts from Cuba to Key West, Florida. People vote with their feet and wallets.

Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by Fricken on Friday January 05, 2018 @04:01AM (#16077465)
What makes a government legit? People support it.

What makes Uber legit? People support it.

Although I guess a government doesn't need the support of the people to maintain legitimacy, it just needs to be able to maintain a monopoly on violence. And if Uber had a monopoly on the taxi industry maybe it wouldn't need the people's support either.

Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by forapurpose on Friday January 05, 2018 @07:07PM (#16082898)
> What makes a government legit? People support it.

> What makes Uber legit? People support it.

Really? Uber has the legitimacy of government? Wow.

Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by 659087 on Friday January 05, 2018 @09:10AM (#16078631)
It's not hard to gain support when you're selling dollars bills for half price.
Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ... by bildung on Friday January 05, 2018 @08:51AM (#16078504)
> You could say people voted with their wallets.

Problem is some wallets are empty and some are full, whereas in a democracy every vote has the same weight.