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Oct 16

More New Yorkers using Uber than government-controlled cabs

The market always wins.

For years, state and local governments have imposed hundreds of pages of regulations on cab companies. Cab companies often are made to get a “certificate of need” from the government before starting up. Cab companies must get government approval for all their rates, fares, routes and operating areas.

In some places, government-approved cab companies must constantly appear before government “taxi boards” composed of members of entrenched cab companies.

The regs ensure that poor people and people not approved by good-ol-boy establishments are kept out of the industry.

But a few years ago, enterprises such as Uber and Lyft began launching app-based “ride-sharing” businesses allowing common citizens to transport passengers who contact them by cell phone or I-phone apps.

Now, more riders in NYC are using Uber than the entrenched, government-approved taxi companies. See here.