As a former taxi driver who left because I was getting little income after allowing for costs, I considered Uber. After looking at their low fares, their own grab, and possible insurance problems in the event of a smash, I thought I'd be even worse off. But fortunately for me I was at retiring age. With the flooding of the market, and such low income, deductible costs aren't much of an issue when your income is way below the basic wage. Economists talk up deregulation and competition, but what is the point when the result is putting people on the breadline, and unable to consume in a manner that keeps the economy ticking over?

I think policy makers have to look at both economic and social considerations, and achieve a balance.

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