Re:We replaced rental brokers with software and filled 200 v...
by dralley on Thursday July 08, 2021 @04:58PM
(#27777517)
> What market did they destroy? The money went directly to US engineers and US drivers.
The financially-sustainable transportation market. Companies without endless amounts of capital that actually have to break even or make a profit to keep the lights on.
It's not just the medallions, they're literally selling the service itself at below-cost in many places and have been for years.
Re:We replaced rental brokers with software and filled 200 v...
by TheOtherHobbes on Thursday July 08, 2021 @03:10PM
(#27776446)
The US may not feel so blessed when the Saudis decide they want some of that money back.
The US should be blessed that Saudi is so bad with its money and so willing to subsidize Americans.
It destroyed the money of people who had bought up medallions. That's it. Having medallions was not a long term solution when the city can now charge rideshare services for miles/minutes/rides on the road without any hard cap for politically connected incumbent players.