"Laws don’t exist merely to frustrate the business ambitions of coastal hipsters: They also exist to protect the more vulnerable members of society. Back home in London (where such statistics are available), 11 women a month are attacked in unlicensed cabs, and unlicensed drivers are responsible for a horrifying 80 percent of all stranger rapes. If Uber doesn't have to follow licensing laws, then neither does any Tom, Dick, or Harry who chooses to paint the word 'TAXI' on the side of his car, and start offering rides via the Internet. A disruptive CEO will shrug (and there's a foreshadowing word) and insist that it’s not his fault that such criminals exist."[1]
It appears this critic was right.
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[1] http://pandodaily.com/2012/10/24/travis-shrugged/
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Edit: added "It appears," which more accurately conveys my position.