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zozbot234 9 hours ago

There's no resource destruction involved in displacing taxi drivers. Taxi medallions are a rent-seeking scheme, there's no real scarcity involved. Most other instances of "creative destruction" are like that, the capital simply gets repurposed at negligible social cost and only excess profits disappear.

wasabi991011 5 hours ago | parent [-]

Please look up Uber's business practices: https://en.wikipedia.org/wiki/Controversies_surrounding_Uber

Bratmon an hour ago | parent [-]

As opposed to taxi companies, who are famously efficient, honest, and not creeps.