That was.... bad, but it wasn't a moral decision it was kind of just market forces. The market means that no one can run a taxi company anymore, you're just kind of all employees of uber or whoever your local monopoly is. Not great, and arguably the way they got there should have been under more scrutiny but it was more or less pure market forces.
What is happening now is not market forces. What is happening now is rich people telling the government to institute legislation that hands power to rich people. Whether it's Elon Musk's public funded, privatized space programme or Thiel's public mandated, private enforced age-gating. All of this is corrupt. There's not really another word for it.