Uber Disrupting Government Sanctioned Taxi Monopolies

Uber is changing up ride-sharing. Pennsylvania's Public Utility Commission recently gave Uber permission to operate in most Pennsylvania cities (except Philadelphia). With this, traditional taxi services will be competing with the disruptive service that Uber provides.

"The state utility commission, which held exhaustive hearings on the issue last summer, set some reasonable conditions on Uber X's operation, during what will be a two-year experiment. Its drivers will have to have background checks and proper insurance, and no vehicle older than eight years is permitted.

Those kinds of safety and quality of service regulations will need to continue. But it's clear that the old-fashioned way of regulating the taxi industry is on the way out. It has been a great deal for those who own the taxi operating permits. It's not so great for drivers or the passengers they carry."