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A comment on Uber and Lyft shutdown in California averted as judge grants emergency stay. Parent comment

Re:Uber and Lyft shutdown in California averted as judge gra... by yoz-y on Thursday August 20, 2020 @04:14PM (#24228316)
The goal of regulation is to stop the race of the bottom at some point.
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Re:Uber and Lyft shutdown in California averted as judge gra... by ReaLNero on Thursday August 20, 2020 @04:35PM (#24228601)
Is it? By regulating, you'll just create an artificial shortage.

This is microeconomics 101.

If you have a competitive equilibrium, you can't improve the situation for consumers and producers by just regulating prices.

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