1/ Five years ago, few would've predicted that invalidating the artificial scarcity of taxi medallions would create the next major tech cos
2/ Few would also have predicted extent to which people would flip out over a better product: http://www.bbc.com/news/technology-27317164 http://www.theverge.com/2014/1/13/5303344/uber-car-attacked-as-paris-taxi-strike-turns-violent
3/ The logic seems obvious: better scheduling through mobile unlocks enormous hidden inventory of available rides for drivers and riders
4/ But when a subsidized industry is suddenly forced to compete, they can't. So they do this: http://www.bbc.com/news/technology-27317164