Re: Problem for cabbies...
Uber etc are bypassing those authorities and offering people a chance to earn money.
*Everyone* profits from scarcity - Just look at the pr0n in the 1980's, decent enough quality - there were even such a thing as "porn stars" earning millions, people even ripped videos, now, ... the product itself is reduced to nasty, poorly produced, "pink goo", very, very few can make a proper living from the business itself, the majority of profits comes from spam-vertizing, ad-ware, mal-ware and spam injection.
Once enough "barriers" are lifted, the value of the good / service which was protected by scarcity giving the producers some pricing power, drops to whatever it costs to produce it in the cheapest place on the planet. Since profits are minimum, investment dries up and the product / service sort of bumps along the bottom of the pit and never recovers nor does it improve.
Ûber could succeed and "personal transportation" will become shittier than anyone can possibly imagine, once competition squeeze out all the profit in merely driving, the money will be made up elsewhere - theft, fraud, extortion, selling illegal goods, et cetera. Fun times, surely.