Earlier quoted context omitted.
This is really the heart of the issue with all these new "disruptive" industries. They're cheaper because they avoid a lot of the regulation, but all that regulation exists for a reason. Whether you're replacing taxis with Uber or hotels with airbnb, you're saving money by allowing room for all the problems that made the regulation necessary in the first place.
The problem here is when regulation moves beyond safety into protectionism, which I submit ALOT of regulation for both hotels and taxis is FAR FAR FAR removed from simply protecting health and safety and instead is more about preventing new entrants into the market and protecting current business models
If that isn’t regulatory capture? I don’t know what is