Monday, May 20, 2019

More Uber BS

Again with the mega BULLSHIT in reporting on the crisis in the taxi industry. Consider this disgusting paragraph from the NYT report:

"The medallion bubble burst in late 2014. Uber and Lyft may have hastened the crisis, but virtually all of the hundreds of industry veterans interviewed for this article, including many lenders, said inflated prices and risky lending practices would have caused a collapse even if ride-hailing had never been invented."

If the article were truthful, it would have instead said,

"The medallion bubble burst in late 2014. Uber and Lyft CAUSED the crisis, but virtually all of the hundreds of industry veterans interviewed for this article, including many lenders, said inflated prices and risky lending practices MAY HAVE caused a collapse even if ride-hailing had never been invented."

Why do they publish such misleading BS? Are the writers ignorant? Or are they dishonest?

For those who still don't understand, here is the skinny. The crisis was precipitated when governments allowed corporate power to buy and muscle their way around existing taxi regulations.

It's that simple.

NYC Taxis Medallions and Suicides

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