News for hackers. Stuff that matters.

A comment on Atlanta introduces bill to regulate Uber and Lyft. Parent comment

Re:Atlanta introduces bill to regulate Uber and Lyft by jeffdavis on Friday February 07, 2014 @11:37AM (#7197112)
Is the license the same thing as a medallion?

If they just want to ask someone to pass a test and/or background check, that seems fine. If they refuse to issue one because there is a limit, that works against consumers.

[ Parent | on HN ]
Re:Atlanta introduces bill to regulate Uber and Lyft by codex on Friday February 07, 2014 @11:47AM (#7197192)
Not necessarily. NYC introduced medallions because a glut of taxis we're clogging vital infrastructure and nobody could make a profit, thus safety and maintenance were compromised. Capitalism does not produce the optimal outcome for consumers when externalities are not part of the equation.
[ Parent | on HN ]