What I find most incredible in this thread is all the people saying 'market forces' are also saying how unfair and wrong it is that Uber will disappear and put drivers out of work and women walking home.
They fail to understand what market forces are!
Market Forces dictate that there is a demand for a service and money to be made, which will either be filled by a reformed Uber or someone who takes over that space in the market.
Market Forces also dictate that in time, when the technology arrives, drivers will be forced out of the market. Unless of course, there is some sort of intervention.
That capitalist pig and leader of business, Bill Gates, has suggested that governments should step in and introduce an income tax on robots. Its a very compelling argument. After all, if we don't intervene we will eventually end up with a situation where no one can afford even the robot cars as they have no income and we won't have enough revenue from tax receipts to give people benefits.
So market forces will dictate that taxis are simply not needed anymore as there is no demand for them.
Thus you could actually argue that market forces might well require government intervention in order to be sustainable.
The issue is really that too many people only think in the here and now and the immediate effects of something in ££s, rather than thinking about its actual downstream effects and how that impacts on us all. As long as you can measure something in the short term, to hell with the longer term. To hell with the negative side effects to society which end up costing us all financially in other ways which are less obvious.
This isn't pure socialism, but sustainable capitalism. You have to strike a balance otherwise the system ends up collapsing in on itself.
It absolutely baffles me why this is just so controversial.
Personally I think an intervention to maintain certain standards is well over due, but there needs to be a concerted effort on this nationally rather than just in London. There needs to be some long term strategic planning for the whole taxi industry, otherwise we are going to end up with some big problems in the future.
As an example, Jim Waterson of Buzzfeed has pointed out on twitter that outside London many places have lost their ability to regulate at all, because since 2015 minicab drivers licenced in one area can work in another legally. What is happening is if an Uber driver is not regulated in one area, they will wait on the border for a fare and then drive in and take it. In smaller towns this is having a big effect and few people realise it is going on. Many drivers are being licenced by TfL but actually don't work in London at all. Giving notice to Uber to clean up its act, will in effect, potentially have a bigger impact on people who use taxis OUTSIDE the capital, where there are fewer alternatives.
The inability of intelligent people to actually THINK and join up dots and instead parrot a phrase they don't really understand, never fails to amaze me.