posted by Jacob Huebert on 02/11/2014
Last week, Chicago Mayor Rahm Emanuel proposed an ordinance that would regulate popular ride-sharing services such as Uber and Lyft in Chicago.
Emanuel often claims that he wants Chicago to be friendly to new businesses, innovation and technology. Unfortunately, his proposal is anything but friendly to these “transportation network” services, and would force them to either severely change the way they operate or leave the city entirely. Where other cities have changed their laws to accommodate these new services, Chicago appears determined to continue using the law to protect established taxi companies from competition at everyone else’s expense.
Here are seven of the proposal’s worst anticompetitive features.