Uber And Lyft Announce Creepy New Ride-Share Cartel (2-5-18)

To protect their business from the disruption they pioneered, Uber and Lyft are now making the same arguments about safety and regulation that they used to rail against. (AP Photo/Richard Vogel, File)

And when there were no more cab cartels to crush, Uber and Lyft decided to organize their own. The ride-share giants just announced a new regulatory cabal to lobby the government on autonomous vehicles and to smother new competitors in the cradle.

Along with more than a dozen other companies, the pair signed something called the “shared mobility principles for livable cities.” Most of the outlined principles are feel-good, tech gobbledygook. The 10th is terrifying: “autonomous vehicles in dense urban areas should be operated only in shared fleets.”

“Due to the transformational potential of autonomous vehicle technology, it is critical that all AVs are part of shared fleets, well-regulated, and zero emission,” they declared in a statement, adding that sharing the ride-share fleets would “maximize public safety” while also ensuring “that maintenance and software upgrades are managed by professionals.”

Everyone knew automation was coming. Eliminate the driver from the ride-share equation — costs dip and profits increase. Ubers without drivers have already been picking up passengers in downtown Pittsburgh for more than a year. But they just don’t want anyone else to have this technology.

Read Full Story Here (via Washington Examiner)