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>Uber doesn't replace taxis as a service - if my phone is dead, I can only use a taxi, not Uber.

well, good luck, as i obviously didn't have enough luck to successfully use taxi when i tried even with a working phone :)

>To keep the price sustainable, cities limit the supply of taxis. In exchange taxis need to obey some rules (e.g. can't reject people).

And Santa Claus is real.

>It possible that the regulations are too strict,

who cares what regulations are if taxi service is that bad and thus the regulations are worthless? What happened with Uber (AirBNB/etc...) is the classical case from Hegelian dialectic - when situation gets that bad, that "badness" is a fertile soil from which a principally new solution emerges which fundamentally changes the situation - in western world such process is called "disruption". Attempts to reverse the situation after that is, like our Borg friends like to say, futile.



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