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RE: The controversy i am having with UBER despite its excellent service

in #money9 years ago

In China, Uber is now merging with its largest rival, Didi Chuxing. It is actually doing so because it was unable to stay competitive with the local competition.

The days of a business bringing their model to China and expecting to run away with it is over. However, we cannot take away the disruption that uber has brought to the planet as a whole. Without them, there would be no rewriting of laws, or the efficiency increase of incumbant taxi drivers.

In order for markets to display some sort of free-market capitalist ecosystem, there needs to be some disruption to keep everyone on their toes and not get complacent.

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I agree. uber has already strongly disrupted a market, it is probably worth al least $30b and there is no need to protect them too much from competition or regulation. Let them walk with their own legs following reasonable regulations.