> most cities restrict supply of taxis to keep prices high and fix prices as the behest of the taxi industry
Why is it always left out that a limited number of taxis is good for society as well? Taxis operate on public roads, pollute public air, cause traffic congestion the public must deal with, cause car accidents and hit pedestrians. When you're not catching a ride taxis (and Ubers) are a nuisance and society has decided to limit their negative side effects.