Henderson: Let the Free Market Regulate Uber

Let the Free Market Regulate Uber
M. Todd Henderson
Chicago Tribune
June 30, 2014

Ask people about Uber and you are likely to hear either that the Web-based ride-sharing service offers a superior product that should not be regulated any more, or that, in the interest of fairness, it should be subject to the same rules as taxi companies.

The millions of riders using the service around the world represent the first view.

The second view is that of Chicago Ald. Anthony Beale, 9th, who fears Chicago's new ride-sharing licensing restrictions are not tough enough, and that ride-sharing services "will hurt the hardworking men and women who are driving cabs every single day."

The key question: Are ride-sharing services and taxis sufficiently similar that they should be regulated the same?

Chicago should let the marketplace decide.

Faculty: 
M. Todd Henderson