&gt;He praises the fact that medallions and price controls cause artificial shortages and blames Uber for devaluing the medallions through their competition.<p>I didn&#x27;t read the text as &#x27;praise&#x27; for taxi companies or government regulation, just a statement of facts about them. Reread that part of the text from a neutral place.<p>&quot;Next, it’s time to understand the legal difference between what Uber is doing and what taxi companies are doing. The taxi industry is highly regulated and each cab must have a medallion, which is basically a licence to operate a car as a taxi. With prices over $300,000, these medallions can be valued as highly as a home. Since Uber has shown up, those prices have plummeted.<p>Why go through the hassle of spending hundreds of thousands of dollars to become a taxi driver when you can just download an app and become an Uber driver for free? Taxi companies, which are regulated by the government, cannot compete.&quot;<p>It&#x27;s stating that the playing field is unfair and that becoming a taxi driver isn&#x27;t a career path anymore.<p>&gt;Apparently we are at whim of a &quot;single private company&quot; controlling our transportation, but somehow being at the whim of state governments is not an issue at all.<p>This article focuses around Uber&#x27;s role in our lives, not the government. There&#x27;s enough hatred to go around though and we&#x27;re allowed to dislike two types of monopolies.<p>&gt;And of course, the ultimate irony: complaining about monopolization and cartelization while praising unions. I&#x27;m not opposed to unions, but they are demand-side bargaining cartels and to be in denial over this makes you look disingenuous.<p>It depends on how you perceive unionization. I perceive it to be as a means for workers to make certain they have fair working conditions and fair pay for their work as a base. Everything else is all part of a layer of bureaucracy that comes later and&#x2F;or is corrupted by corrupt actors.