Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate
by xyzzyz on Friday August 09, 2019 @05:37PM
(#20658403)
What does this have to do with taxis vs Uber? Did you mean to post this comment in some other thread?
Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate
by CydeWeys on Friday August 09, 2019 @09:00PM
(#20659499)
The point is that you can't just let the market sort it out because the market doesn't care about negative externalities. There are legitimate reasons to artificially constrain the supply, i.e. implement a medallion system. This comment thread which you've wandered into is about the taxi medallion system.
Admittedly, it is probably better to charge all vehicles for entering the most congested areas by their size (i.e. trucks pay more) than it is to pick and choose by artificially limiting just some types of vehicles while allowing unlimited numbers of others.