Car-hailing service Uber has not been approved by Hong Kong’s Transport Department. Photo: Felix Wong
Jake's View by Jake Van Der Kamp
Uber issue is about politics, not about defying regulation
If the ceiling was abolished and taxi licences were made available to everyone who meets the qualifying requirements for car and driver, the speculative bubble would pop, ride-hailing apps would abound and our taxi problems would vanish. But it will never happen and the reason is a showcase example of why denying democracy makes us all poorer
Jake van der Kamp is a native of the Netherlands, a Canadian citizen, and a longtime Hong Kong resident. He started as a South China Morning Post business reporter in 1978, soon made a career change to investment analyst and returned to the newspaper in 1998 as a financial columnist.