Uber shows how the tech industry is poised to reinvent regulation

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A few weeks ago, I wrote about how Uber was upsetting government regulators. The ride-sharing company is providing such great service to consumers that existing taxi companies called upon the government to help. Shortly after I wrote that column, the attorney general of Virginia issued a cease-and-desist order to the company.

There was no allegation of misbehavior or dangerous practices. The bureaucratic order simply said the rules don’t allow Uber to operate.

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