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Comment by WorldMaker

Taxi Medallion laws were also a Reputation Engine that was publicly queryable, subject to FOIA laws and generally had easy to search public databases for them, with detailed notes. Sure Uber/Lyft boil that into a "friendly" 5-star UI, but do you have any idea what data contributed to that star rating? Do you always trust the algorithms that compute them from a bucket of metrics you can't directly request?

Sure, Medallion laws had problems, and got Regulatory Captured in some cities to also become terrible Trusts controlling prices that needed busting. But the answer to "fix the Regulation" isn't always "break the Regulation", and the Regulation had a lot of good intent of having public accessible information about drivers and that data not just owned by a single company and locked in their opaque algorithms. It might have been nicer to fix the Regulatory Capture and Bust the Trusts.

parent WorldMaker 1 year ago

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