Uber and Lyft were noticeably absent from SXSW this year, damaging Austin’s reputation as a tech hub. The city’s political leadership is to blame.
New start-ups were granted practical access and spiritual absolution by the people of Austin because they reject the very market forces that allow Uber and Lyft to work well. It didn’t go well at SXSW.
When new startups show up on the scene, the knee-jerk reaction of bureaucrats is to hobble the new players instead of liberating the whole industry.
Now that Uber and Lyft have pulled out of Austin due to onerous new city regulations, drivers and riders are turning to black market ride-sharing.
The story of how Uber and Lyft were driven out of Austin is a textbook example of how government-backed cartels force out competition under the guise of creating a “level playing field” or ensuring “consumer safety.”
Uber is quickly expanding in New York’s low-income neighborhoods, meeting the needs of poor people far better than taxis have.
People don’t deserve to be millionaires because they can get government to let them pick people’s pockets.
Ride-sharing company Uber isn’t about ripping off customers.
With the Labor Force Participation Rate at its lowest levels in decades, are we destined to become a nation of Uber drivers?
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