Hong Kong Taxis Uber Alles

The arrest of drivers working for the Uber taxi app operation in Hong Kong is further evidence of the grip that monopolists and oligopolists have on the territory’s government. Uber was initially welcomed by the authorities, with the government agency InvestHK, which encourages entrepreneurial investment, giving publicity to the local launch of the service. However, under pressure from the vested interests which own most taxi licenses, the police have now taken to accusing the Uber drivers of operating without license or insurance. Uber denies this.

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