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The shininess of the new business model is evidence that the existing regulatory structure is broken and ought to be changed, but in abse...

The shininess of the new business model is evidence that the existing regulatory structure is broken and ought to be changed, but in absence of a large, growing, profitable company, who would be pressing for the change? The power would all be concentrated in the existing industry. Only because Uber has sidestepped taxi regulation have they grown powerful enough that fixing the law has become a possibility. If they had tried to do things "the right way" they would never have gotten anywhere.

Posted by marssaxman on Apr 9, 2015, 5:28 PM

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The shininess of the new business model is evidence that the existing regulatory structure is broken and ought to be changed, but in abse...

marssaxmanApr 9, 2015, 5:28 PM

The shininess of the new business model is evidence that the existing regulatory structure is broken and ought to be changed, but in absence of a large, growing, profitable company, who would be pressing for the change? The power would all be concentrated in the existing industry. Only because Uber has sidestepped taxi regulation have they grown powerful enough that fixing the law has become a possibility. If they had tried to do things "the right way" they would never have gotten anywhere.

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