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Uber is a business that has been regarded by many as attempting to, if not outgrow, at least outsmart much of the existing regulation that cities’ transport networks are built upon. Like water looking for the swiftest route to flow the tech firm has sought find the quickest route to growth, assuming all else will follow: now,
with TfL’s removal of its licence the regulator is just another dam to burst.However you interpret its actions, TfL is facing exactly the problem highlighted by today’s Global Competitiveness Report from the World Economic Forum (WEF): the struggle to ensure regulation keeps pace with technological advancement. And if we think Uber’s technological abilities and use of them are a problem, then just wait until we have to tackle
self-driving cars.
