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zozbot234today at 12:27 PM1 replyview on HN

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.


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wasabi991011today at 3:45 PM

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

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