> Uber is the breakthrough case of a company that skipped the difficult process of finding legitimate efficiency advantages, and used tens of billions in predator investor subsidies to fuel its rapid growth. This is just so blatantly false that it's hard to take the rest of the article seriously. Let's take just a cursory glance at Uber and Lyft's efficiency advantages: * Uber and Lyft have massive efficiently advant…
>> * The fact that ride share companies don't hail drivers on the street means that they are not required to be a part of the artificially constrained supply of taxi medallions. This allows for much lower barriers to entry for drivers, and eliminates the need to spend six figures on medallion.
That is not efficiency, that is regulatory circumvention. I think almost everyone agrees it is a circumvention that is good for consumers. But once you drive down the cost of medallions through competition you have no advantage.
You sound so passionate about the advantages of Uber and Lyft I hope you are holding a lot of Uber and Lyft stock.