The Uber Benevolent Dictator Problem

Uber logo as dictator symbol.
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People love Uber, and I’ve personally been delighted in the past by the efficiency and “magic” of the service. It is amazing that one can press a button on a phone and have a car show up to take them on their way. As an economist, I’ve loved the fact that one of the worst cesspools of rent-seeking regulation-protected market inefficiencies – the taxicab market – has been disrupted. But if Uber is truly upending this market, why should consumers ever trust a single company to own that market, even if they claim to be doing good? This is a … Continue reading