&gt; You need medallions for things like taxi stands and hailing people off the street so it&#x27;s just not true what you say.<p>That’s not even part of the discussion, as uber isn’t trying to change that.<p>Fact is, uber isn’t disrupting anything.<p>Fact is, there were uber-competitors in Europe like mytaxi, some of which even existed before uber did. Exactly same business model.<p>The issue isn’t that these companies never get started in europe – because they do – the issue is that these companies expand slower than their US competitors, and therefore lose in this extremely volatile market.<p>But if the market crashes, these companies can continue to exist, while many of their US competitors would crash, too.