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Uber Succeed in the US but Failed in the UK and China Because of Jefferson and Hamilton’s Fight Over State Licensing

Why was Uber able to destroy the taxi cab industry in the United States, but it failed to get any sort of market share in the United Kingdom and China? The reasons are many, but essentially, the UK had strict licensing codes that made Uber’s operations impossible, while China openly supported a local rival to prevent the foreign company from taking over its market. However, the story of Uber is larger than a 21st century tale of government red tape. It goes back centuries to the origins of entrepreneurship and property rights in the Western legal tradition

Entrepreneurship is more than taking…

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