But if the "Uber way of doing business" effectively drives regulated cabs out of business, that's a problem.
A problem for whom?
Yes, it's a competitive problem for regulated cabs and their owners and operators. It's certainly not a problem for the customer who benefits from a greater number of options.
One could hope the regulated cab business would respond in a competitive manner - e.g. with greater accountability, ability to call a cab via app, GPS tracking, and other competitive innovations that Uber has introduced.
A problem for whom?
Yes, it's a competitive problem for regulated cabs and their owners and operators. It's certainly not a problem for the customer who benefits from a greater number of options.
One could hope the regulated cab business would respond in a competitive manner - e.g. with greater accountability, ability to call a cab via app, GPS tracking, and other competitive innovations that Uber has introduced.